Starting January 2024, the Slovenian Financial Administration will implement a stricter penalty policy targeting habitual late filers of VAT returns, even after reminders. Extensions for VAT return submissions will no longer be granted after reminders, emphasizing compliance with Article 88 of the Value Added Tax Act (ZDDV-1). The goal is to improve taxpayers’ discipline in future VAT filings. According to Article 88 of ZDDV-1, VAT returns must be submitted to the tax authority by the last working day of the month following the end of the tax period or by the 20th day of the following month if a recapitulation report is required. Failure to submit VAT returns on time or in the prescribed manner is considered a serious tax offense, with penalties ranging from €4,000 to €75,000 for legal entities, €3,000 to €50,000 for sole proprietors, and €400 to €5,000 for individuals.
Source GlobalVATcompliance
