Starting January 2025, Slovenia will raise the VAT registration threshold from €50,000 to €60,000 in annual turnover.
The change aims to ease the administrative burden for thousands of small businesses and sole proprietors, allowing them to operate without VAT obligations for longer.
Under the new rule, businesses below the €60,000 threshold will not be required to charge VAT, submit VAT returns, or maintain VAT ledgers.
This means significant savings in both time and costs, particularly for service-based microenterprises.
However, companies approaching the threshold should monitor their revenue carefully.
Once the €60,000 limit is exceeded, VAT registration becomes mandatory immediately, and failing to do so could result in backdated tax assessments and penalties.
For accountants, this reform brings an opportunity to help clients plan their revenues, monitor thresholds, and ensure compliance with the new rules.
💡 Tip:
If your annual turnover is close to €60,000, speak to your accountant about proper tax planning. A well-prepared strategy can save you from unnecessary tax issues later on.