A new tax obligation will come into force in Slovenia from July 2025: all VAT payers will have to submit records of VAT paid and VAT deducted in addition to regular returns. This is a significant change that requires more accurate monitoring and reporting of transactions.
What does this mean in practice?
– Companies will have to electronically submit records of issued and received invoices, which are the basis for VAT returns.
– Records will have to be prepared in a prescribed format (XML, CSV, etc.), in accordance with the instructions of the Tax Administration of Slovenia (FURS).
– This obligation will apply for the first time for the period of July 2025, and will be submitted at the same time as the regular VAT return.
Why the change?
The purpose of the change is to increase transparency, prevent errors and abuse, and align with practices in the EU. With the help of these records, the Tax Administration of Slovenia (FURS) will be able to detect discrepancies between issued and received invoices more quickly and reduce the risk of tax evasion.
What do companies need to do?
– Check whether their accounting software allows the preparation of the required records.
– Implement internal controls to ensure that all invoices are correctly recorded and match the VAT-O accounting.
– Provide training for employees involved in VAT accounting.
How does K2A Accounting Ljubljana help you?
We offer our clients comprehensive support: review of existing procedures, assistance in establishing records, technical advice on integration with FURS and preparation for the first submission in July 2025.