The Slovenian Ministry of Finance has recently published a new amendment to the Slovenian Value Added Tax (VAT) Act that allows the possibility of deferring the accounting for VAT on importations.

For imports performed as of 1 July 2016, a taxable person will have the option to account for import VAT in their periodic VAT return in which the VAT become chargeable by the application of the reverse charge mechanism, as opposed to paying VAT at the point of customs clearance.  With this change, the import of the goods will not be financially burdensome to the importer’s cash flow.

Non-established importers who are VAT registered in Slovenia may choose to account for VAT through their periodic VAT return, provided that they appoint a Slovenian fiscal representative.

By |June 30th, 2016|