FISCAL SOLUTIONS...
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Public Slovenia Author: Kristina Dosen
Act No. 54921-12/2023/1, which requests Slovenia's support for suggested revisions to the EU VAT Directive 2006/112/EC, was approved by the Slovenian Parliament on March 3. These changes are intended to fight VAT fraud and modernize tax laws for the digital age.
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Fiscal subject related

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Content accuracy validation date: 21.03.2023
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The proposed revisions contain a number of steps to combat VAT fraud, such as the implementation of a real-time digital reporting system, including e-invoicing, beginning January 1, 2028. A single VAT registration system will also be deployed across the EU, together with amended VAT regulations for platforms that provide short-term housing and passenger transportation.

The proposed revisions include a clarification of the taxation threshold in the supplier's home country in order to avoid VAT fraud in cross-border and intra-EU supply of goods. The new rule will specifically apply to transactions over 10,000 euros starting on January 1, 2024.

The reverse charge mechanism and the adoption of one-stop import arrangements will both be mandated by the proposed modifications for domestic business-to-business shipments.

Before making any judgments, the proposed adjustments will be carefully examined and taken into account. The EU seeks to provide an equitable and contemporary tax system for all citizens by modernizing tax laws and putting measures in place to combat VAT fraud.

 

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