Taxation of interest
Per the Income Tax Act (ZDoh-2), interest from cash deposits and savings at banks and savings banks are taxed. By the end of January of the current year, the bank provides savers with information on the interest earned for the previous calendar/tax year.
Interest up to 1,000 EUR is tax-free for tax residents of the Republic of Slovenia. A resident of the Republic of Slovenia is obliged to file a tax return for the previous year for the assessment of income tax on interest on cash deposits at banks and savings banks established in Slovenia and other EU member states by February 28 of the current year. The tax return is submitted on the prescribed form "Announcement for the assessment of income tax on interest on cash deposits at banks and savings banks established in the Republic of Slovenia and other EU member states".
Form "MF-FURS obr. DOHKAP no. 2", instructions for its completion, and more information are available on the website of the Financial Administration of the Republic of Slovenia.
Tax base according to article 84 ZDOH-2
In the case of concluding a savings contract or tying up funds for a period longer than one year, the saver (income taxpayer) can claim the tax base according to Article 84 ZDoh-2. In this case, the bank reports the interest charged for each calendar/tax year to the Financial Administration as having been paid. Per legal provisions, the decision must be forwarded to the bank in the calendar/tax year in which the deposit/savings agreement was concluded.
The saver (taxpayer) informs the bank with DOHPREM form no. 6. Instructions for filling out the form and additional information are available on the website of the Financial Administration of the Republic of Slovenia.
