The Financial Administration of the Republic of Slovenia has announced that it will strengthen its control over costs that are not directly related to the company’s activities in the coming months. This means that it will assess more closely whether certain expenses are truly tax-deductible expenses or whether they are costs that the company covers but do not have a business justification.<\/p>\n
Such costs may include:
\n– personal spending by owners (e.g. luxury products, travel without a business justification),
\n– entertainment that is not properly documented,
\n– costs of vehicles that are also used for private purposes,
\n– other expenses that do not have a clear connection to the company’s revenues.<\/p>\n
Why is this important?
\nUndeclared expenses increase the tax base, and thus the amount of corporate income tax (CIT). In the future, the Financial Administration of the Republic of Slovenia will repeatedly check whether companies are sufficiently careful in claiming such costs. Fines and additional obligations can be high.<\/p>\n
What can entrepreneurs do?
\n– Review all your expenses and check whether they are truly business-based.
\n– Make sure that appropriate documentation is available for each expense (invoice, contract, minutes).
\n– Clearly define the business purpose for representation expenses.
\n– Keep accurate records of use for company vehicles.<\/p>\n
How can K2A accounting Ljubljana help you?
\nWe help our clients:
\n– in separating tax-deductible and non-deductible expenses,
\n– in preparing internal regulations and controls,
\n– in optimizing business expenses to reduce tax risks,
\n– with ongoing tax advice to ensure they are always compliant with the law.<\/p>\n
CTA: Not sure if your expenses are tax-deductible? Contact K2A accounting Ljubljana \u2013 we will provide a review and tax advice so that you can operate without the risk of additional burdens.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Financial Administration of the Republic of Slovenia has announced that it will strengthen its control over costs that are not directly related to the company’s activities in the coming months. This means that it will assess more closely whether certain expenses are truly tax-deductible expenses or whether they are costs that the company covers […]<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","class_list":["post-2867","novica","type-novica","status-publish","hentry"],"yoast_head":"\n