17 June 2016 Slovenia's changes to VAT accounting on imports provide potential cash flow benefit A new amendment to the Slovenian Value Added Tax (VAT) Act has introduced the possibility of deferring the accounting for VAT on importations. For transactions performed as of July 1, a taxable person importing goods into Slovenia will have the option to account for VAT in the monthly VAT return, as opposed to paying VAT at the point of customs clearance. By accounting for VAT in the monthly VAT return and simultaneously exercising the right to the input VAT deduction, importers will eliminate the effects on cash flow that occur under the current system. In order to exercise the option for deferred accounting, importers will have to meet certain conditions. Document ID: 2016-1052 |
