Slovenia crisis tax up to 5%
The government in Slovenia proposes a crisis tax of between 0.5% and 5% on all gross incomes, to be effective as of July, while it will take a final decision on a rise in VAT by the end of the year, the Slovenia Times reported Wednesday. However, Economy Minister Stanko Stepišnik said a raise in the standard VAT rate was certain. Stepišnik, addressing reporters explained that the crisis tax, one of the proposals in the draft Stability Program, would be progressive and would affect all incomes, including pensions. Gross pay amounting to half of the average pay will be taxed at the rate of 0.5%, average gross earnings at 1%, double the average pay at 1.5%, triple the average pay 2% and those exceeding that amount at the rate of 5%. Average gross pay in Slovenia was €1,497.55 in February. The minister said that a final decision on VAT would be taken by the end of the year when it was clearer how successful Slovenia was in bringing down the deficit. The government has not yet decided whether it will increase the reduced VAT rate, but an increase in the standard rate as of 2014 is a fact, the minister said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.