Fiscal subject related
Slovenia is set to implement mandatory electronic invoicing (e-invoicing) and electronic reporting (e-reporting) for businesses by June 2026. This initiative, proposed by the Slovenian government, aims to tackle VAT fraud and enhance tax compliance.
The main elements of the proposal are as follows:
- Mandatory B2B E-Invoicing: Businesses will be required to issue, send, and receive invoices electronically for transactions between taxable entities (B2B). Transactions involving consumers (B2C) are not included in this mandate, although consumers can choose how they want to receive their invoices.
- E-Invoicing Formats: Invoices must be sent in specific formats: the national e-SLOG standard, formats that comply with the European standard EN 16931, and other internationally recognized formats if agreed upon by both parties.
- E-Reporting Requirement: Invoice data must be reported to the Slovenian tax authorities (FURS) within eight days of issuing or receiving an invoice. This applies to domestic transactions as well as cross-border transactions.
The benefits of e-invoicing and e-reporting in Slovenia include a strong focus on combatting fraud, as the main goal is to reduce VAT evasion and improve compliance. E-invoicing will streamline processes, making inspections quicker and easier for tax authorities while reducing the burden on businesses. Additionally, tax authorities will automatically receive invoice data, which eliminates the need for manual submissions by businesses. This system also enhances compliance, allowing businesses to easily verify their adherence to tax regulations.
Overall, this reform is part of Slovenia's effort to modernize its tax system and align with broader European trends towards digitalization in financial reporting.
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