Taxes in Slovenia and in neighboring European countries (in Italy, Austria)

Taxes in Slovenia and in neighboring European countries (in Italy, Austria)

Would you like to learn about the taxes in Slovenia and in neighboring European countries (in Italy, Austria)? If you are planning a business immigration and you do not know what country to choose? Where do they have favorable systems of taxation? In this article, we will present some key countries and their systems of taxation that are popular when choosing a country for business immigration and business conduct.

Taxes in Slovenia and in neighboring European countries (in Italy, Austria)

Italy: Italy has its own characteristics and a fairly developed tax system. It is worth mentioning that in Italy the aggregate taxes are divided into direct and indirect taxes.

Direct taxes:

  • Tax on personal income; it is minimally 23%
  • Tax on corporate income; it is minimally 33%
  • State tax on economic activities (an additional tax, which Slovenia does not have)

Indirect taxes:

  • Value Added Tax (VAT)
  • Real estate transfer tax
  • Municipal property tax (Slovenia does not have such a tax)
  • Inheritance tax
  • Tax on financial income

In addition to taxes, there are also these contributions:

  • Cadastral and mortgage tax
  • Court charges
  • Tax on government concessions
  • Tax on brokerage
  • Tax on insurance operations
  • Tax on leisure

Thus, the Italian taxation system does not seem as a sufficiently simple system, so many Italian entrepreneurs are more frequently shifting their business to neighboring countries.

Austria: the Austrian tax system is less complicated than the Italian is, but their tax rates are not among the lowest.

The basic taxes are as follows:

  • Value Added Tax (VAT)
  • Tax on personal income; it is minimally 25%
  • Profit tax, which is 25%

Slovenia has a similar taxation system as Austria, but the tax rate is lower.

The basic taxes are as follows:

  • Value Added Tax (VAT)
  • Tax on personal income; it is minimally 16%
  • Profit tax, which is 19%

Taxes in Slovenia and in neighboring European countries (in Italy, Austria) are quite different even though the countries are neighbors. When planning to conduct your business in the EU or planning a business immigration, it is reasonable to take into account the taxation system in that country, since every entrepreneur is interested in minimizing their expenses.

The company DATA can offer you full support and consultation in regards to registration of your business in Slovenia, business conduct in Slovenia and obtaining all the necessary documents for you and your family when considering business immigration. Experienced accountants and tax experts of the company DATA will gladly help you to calculate your tax base and optimize your costs.

Contact us!

Write us an e-mail to data@data.si or give us a call on the telephone number +386 1 6006 270, Viber/WhatsApp: +386 40 530 718. You can also follow us on Facebook.

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