Every registered business engaging in commercial activities within a country has to register and pay taxes as stated by commercial law. Value Added Tax is charged on all goods bought and sold, imported and exported, services provided, and events held by a registered business operating in a country. It is also paid for goods stored in a warehouse located in the country. Goods or services provided online to customers in a foreign country are levied a certain value-added tax by the tax authorities of such a foreign nation.
Before the commencement of business within the jurisdiction, a company engaging in VAT-taxable activities must ensure it applies for a tax registration while incorporating the entity. Only companies involved in VAT-related activities may register for the tax. Usually, after such registration, a value-added tax number is issued to the company by the authority in charge. There are a few exemptions when it comes to value-added tax payment, as not all activities are subject to it. It is best to know the VAT-exempt activities in the nation before registering for it.
If you are interested in registering for a value-added tax number for your company or you are simply looking to learn about it in this country, this full guide provides the full information.
VAT registration thresholds
Foreign companies already registered for VAT, GST, and other Taxes in their home country and operating here have no value-added tax registration threshold. However, companies in the EU selling their products online to native consumers here have to meet the VAT registration threshold (distance selling) of €35,000 per annum. When such companies have a revenue lower than the threshold for distance selling, they are subject to VAT compliance in their country of residence.
Slovenian VAT number
A Slovenian VAT number is a unique number issued to countries carrying out business-related activities within its territory. Every EU member has a fixed format. The country has eight digits and the prefix SI. To obtain this number, a company has to apply to register for VAT, and after it is approved, the special number is issued.
Registration
The process is simple and easy. For businesses residing in the territory, it involves the submission of the application form at the regional tax office. However, entities not domiciled in the area have to first obtain non-resident tax ID numbers before registering for VAT. This is done by simply submitting form DR-04 to the tax authorities. The following documents are required for the process:
- An extract from the national trade register of the company
- A copy of the passport of the representative of the business
- Proof of the kind of activities the company intends to carry out here, etc.
- After acquiring a non-resident tax number, the foreign business can proceed to register for VAT by completing and submitting form DDV-P3 alongside the following required documents
- A VAT certificate to show proof of VAT registration in another EU member state
- A document to show the kind of activities the company shall engage in within the country
Take note that non-resident enterprises are required to submit the registration form to the regional tax office at least fifteen days before the start of any taxable activity. This deadline must be strictly adhered to. When a company receives its VAT number, it can begin engaging in commercial operations that are subject to taxation and begin charging Slovenian VAT. Every company that is subject to the value-added tax in Slovenia is required to comply with the country’s VAT compliance laws and to file regular returns.
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