Slovenia Gazettes Law Amending Individual Income Tax Act for Coronavirus Economic Relief

The Slovenian Official Gazette March 21 published Law No. 769, amending the income tax act due to the coronavirus pandemic. The law includes measures: 1) reducing to 45 percent from 50 percent the fifth bracket tax rate; 2) reducing to 25 percent from 27.5 percent the capital income tax rate; 3) reducing the capital holding period to 15 years from 20 years for exemptions on profits from capital disposals; 4) reducing the credit rating value to zero for specified electric motor vehicles; 5) introducing a tax base reduction of 1,500 euros (US$1,649) for residents over 70; 6) exempting income from ...