- The Republic of Slovenia has enacted the Law Amending the Value Added Tax Act (ZDDV-1N).
- The Value Added Tax Act has been updated to reflect Directive (EU) 2022/890.
- Services in the public interest provided by independent groups are now exempt from VAT.
- General rules for payment service providers have been introduced.
- Clear definitions of terms have been provided.
- Providers in Slovenia must maintain records for cross-border payments exceeding specific thresholds.
- Data submission for recipients in Slovenia and third countries is required.
- The location of payer and recipient is determined by IBAN, BIC, or other codes.
- Specific information is required for transparency in cross-border payments.
- Penalties for non-compliance have been introduced.
- The deadline for compliance has been extended to December 31, 2026.
- The law takes effect the day after publication.
- The new rules apply from January 1, 2024.
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
