Govt Wants to Cut Proposed Taxes on Capital Gains
The government announced its plans Thursday to bring about changes to the tax legislation drafted by the previous government and currently waiting to be passed by parliament. The changes would drastically cut the proposed taxes on capital gains.
Presenting the proposed changes at the weekly cabinet session, Finance Minister Andrej Bajuk said that the new government wished to create an entrepreneur-friendly environment.
According to the proposed changes, the tax on capital gains of over SIT 60m (EUR 0.25m) in a company with a capital over SIT 200m (EUR 0.83m) will be 20 percent, and not 50 percent, as proposed by the former government.
Bajuk admitted that their proposal was rather symbolic in nature, as numerous managers have already sold their company stakes after the tax reform was announced by the old government.
He explained that the ruling coalition would try to introduce the changes through its MPs, as the tax bills are already in parliamentary procedure, i.e. at a stage when the government has no longer the right to demand amendments.
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