Slovenian Govt to reform the tax system

Slovenian Govt to reform the tax system

Ljubljana, April 21, 2015/ Independent Balkan News Agency

Review Haris Stefanatos

Slovenian Prime Minister Miro Cerar announced changes to the tax system on Monday, with the aim to create a more fair framework for the collection of personal income tax, greater transparency, and to make the whole process simpler and more user friendly.

In his speech during question time in the House, Cerar noted that the tax system has undergone many changes in the past, which have resulted in a system that is very complex and lacks transparency, while it does not enable the equal and fair distribution of the tax burdens, in addition to having a very high cost.

In an attempt to change this, the government will attempt to reform the tax system in order to create a more modern model, the focus of which will be the expansion of the tax base and the reduction of the number of exemptions.

According to the Slovenian PM, these changes will enable the collection of a predictable and stable stream of budget revenue, adding to the government’s attempt to boost competitiveness.

Answering a relevant question by SocDem MP Andreja Katič, Cerar stated that these changes will tackle anomalies and prevent tax avoidance.

(Source: Sloveniatimes)