Amendment of the VAT Act (ZDDV-1I) concerning VAT rates and payment of VAT at import
Tax News, January 2016
On 1 January 2016, amendment of the VAT Act (ZDDV-1I) defining the VAT rates and simplifying the procedure of calculation and payment of VAT at import entered into force.
The amendment of the VAT Act defines the established VAT rates already applicable as of 1 July 2013 in the VAT Act. VAT is therefore calculated and paid at the general 22% VAT rate and the reduced 9,5% VAT rate.
Further to this, according to the amending Act, VAT at import is no longer paid as an import duty if certain conditions are fulfilled. VAT at import shall be calculated through the VAT return and paid within the deadline stipulated in the first paragraph of Article 77 of the VAT Act. Taxable person shall therefore calculate and deduct import VAT through the same VAT return.
Taxable person established on the territory of Slovenia shall present the following information at time of import in order to apply the new treatment:
Its VAT identification number issued by the tax authority in Slovenia;
- VAT base as determined in Article 38 of the VAT Act;
- VAT rate; and
- Amount of VAT.
Taxable person not established on the territory of Slovenia shall fulfill the following additional conditions in order to apply the new treatment:
- Identification for VAT purposes in Slovenia; and
- Appointment of a tax representative, identified for VAT purposes in Slovenia, who is jointly and severally liable for the payment of import VAT.
The abovementioned treatment of calculating and paying VAT at import shall apply to goods imported from 1 July 2016 onwards.