Govt Adopts Bill on Amending Economic Zones Act
The cabinet adopted Wednesday amendments to the economic zones act. The amendments include new guidelines on state regional aid, allowing taxpayers to be entitled to tax benefits, Finance Ministry State Secretary Andrej Sircelj told the press after the session.
Changes include tax breaks on paying corporate income tax. Therefore Sircelj hopes that parliament will adopt the legislation as soon as possible to provide clearly defined tax conditions prior to the beginning of the new tax year.
The amendments define investment into new fixed assets as applicable only for large enterprises, while tax breaks for purchasing used fixed assets as well as new ones will be in place for small- and medium-sized companies.
The proposed law also reduces the 40% tax break for eligible expenses to 30%, yet allows small companies to a 50% tax break in case of working in economic zones, while medium-sized companies are entitled to a 40% break.
Currently, there is only one economic zone up and running in Slovenia. It is located in the western city of Koper and encompasses 55 companies.
The new guidelines will be in force until 31 December 2013.
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