Economy Overview

FinMin: Slovenia will stay comparably favourable for capital

Maribor, 2 March - Finance Minister Andrej Bertoncelj has told the newspaper Večer that despite the planned increase in schedular taxation, Slovenia will stay a "comparably favourable country", with capital still being less taxed than on average in the OECD countries.

Commenting on the negative reaction from business associations to the announced changes to taxation of corporate income and capital, the minister said that the whole picture needed to be taken into account. "We should for, for example, listen to the OECD, which has told us that capital in Slovenia is undertaxed," he said, adding that "we therefore needed the measures".

Bertoncelj said that the most appropriate thing to do was to keep a favourable system of final taxation, adding that "we only increased the tax rate by five...