The costs of running a company include:
- Medical insurance for employees.
- Social security contributions, sick leave, unemployment and pension fund insurance.
- Company bookkeeping.
- Bank account maintenance.
Other expenses include depreciation of the business, purchasing supplies or goods, renting an office, paying employees' salaries and paying income taxes. In 2023, the minimum wage is € 1,214.35 per month.
Peculiarities of bookkeeping in Slovenia:
- Progressive taxation scale from 16 to 50%: the more you earn, the higher the tax rate is.
- Reporting forms: DDS, financial and payroll reports.
- Support for large statutory registers, where all company actions are registered, e.g. changes of articles of association and appointment of directors.
The business system in Slovenia is transparent, so it is necessary to comply with the requirements set by the legislation and tax institutions. If violations are detected, there may be problems in extending the residence permit. Cooperation with experienced accountants and lawyers facilitates this process and reduces risks for the company.
Important deadlines for submitting reports and other accounting activities — annual review:
- 20.01 — Last day for payment of income tax.
- 31.01 — Statement of information on income paid to employees in the previous year.
- 31.01 — Report on distance sales or e-services to end consumers in the EU (if annual turnover does not exceed € 10,000).
- 31.03 — Income tax return (sole proprietorship) or corporate tax return (LLC) and AJPES annual report (balance sheets).
- 30.04 — 30.06 — Filing of objection to income tax information statement
- By the 15th of the month — Taxpayer’s Statement of Contributions — payment within five days of filing.
- By the 18th of the month — Payroll, submission of REK forms and payment of contributions within five days of filing.
- Last working day of the following month — Declaration and payment of VAT for the previous month.
- Quarterly (Last day of the following month) — DDV-VEM/OSS reports of sales of goods and services to final consumers in the EU.
- Required POBOTI — Scheduled AJPES (monthly declaration of debts/obligations).
Advantages of hiring an accountant or lawyer to support your firm:
- Saving time. Trying to figure out accounting and legal matters on your own in a new country can take a lot of time.
- The complexity of rules and laws. If you don’t understand them, you can make mistakes that lead to fines and problems with tax authorities.
- Saving resources. You don’t waste time and money on training, finding tools and software.
Working with an accountant and lawyer helps you plan strategically and make informed decisions to improve the financial health of your business.
Want to run a business legally and transparently?
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You can leave a request and we’ll help you get to figure out the law
