Crisis Tax Up to 5%

Crisis Tax Up to 5%

 

The government proposes a crisis tax of between 0.5% and 5% on all gross incomes, to be effective as of July, while it will take a final decision on a rise in VAT by the end of the year. However, Economy Minister Stanko Stepišnik said a raise in the standard VAT rate was certain

Stepišnik, addressing reporters after the session of the Economic and Social Council, explained that the crisis tax, one of the proposals in the draft Stability Programme, would be progressive and would affect all incomes, including pensions.

Gross pay amounting to half of the average pay will be taxed at the rate of 0.5%, average gross earnings at 1%, double the average pay at 1.5%, triple the average pay 2% and those exceeding that amount at the rate of 5%. Average gross pay in Slovenia was EUR 1497.55 in February.