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Navigating the global tax compliance landscape successfully is complex and resource-intensive. Every country has a specific and constantly evolving set of legislated e-invoicing requirements.
Non-compliance, intentional or not, can result in significant financial penalties, business disruption, and reputational damage.
Slovenia is extending the circumstances under which the reverse charge must be used. From 22nd January 2022, non-established companies will no longer have to charge VAT on their domestic B2B transactions in Slovenia- assuming that conditions are met for the reverse charge. The customer must be a taxable person with a VAT number in Slovenia.
This will mean some companies will avoid VAT registration in Slovenia altogether- this will be particularly advantageous if they have minimal transactions undertaken in Slovenia. Non-established companies will potentially benefit from less administrative tax burdens as a result of the measure.
Slovenia is very close to introducing mandatory B2B e-invoicing. A draft law was presented to the Ministry of Finance in June 2021. This draft law is currently awaiting approval in the Slovenian Parliament, and Tungsten is monitoring developments.