On 4 October 2019, the Slovenian government passed a law which contained several amendments to the Slovenian VAT law. These entered into force on 19 October 2019 with them taking effect from 1 January 2020 as a result.
The main changes include the four ‘Quick Fixes’ for VAT; the EU temporary cross-border transaction simplifications. So these are:
- Simplification and harmonisation of rules regarding call-off stock;
- The VAT identification number of the customer becoming a substantive condition so businesses can exempt the intra-Community supply of goods;
- Simplification of chain transactions to enhance legal certainty by establishing uniform criteria; in addition to
- Harmonisation and simplification of the rules relating to documentary evidence as proof of an intra-Community transport of goods. This is for the purposes of applying the VAT exemption.
This four ‘Quick Fixes’ bill in Slovenia follows many other EU Member States in implementing the European Commission’s 2018 Directive; this is in regards to the harmonisation and simplification of certain rules in the VAT system for the taxation of trade between Member States.
Your business can prepare for the four VAT ‘Quick Fixes now. Watch our ‘Quick Guide to the Quick Fixes’ webinar here.
The four ‘Quick Fixes’ will be in effect in Slovenia in January 2020. So if any of the above changes affect your business, please contact one of our VAT experts to find out how we can assist you.