Overview about Corona measures in Slovenia (II)

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Lockdown measures have eased up, government says Covid is over in Slovenia

Financial help (loans etc…)

2 Millions in loans given out to companies directly affected by the epidemic.

Relief to accompany a slowdown or absence in business activity.

Payment deadlines between businesses will be 60 days if the creditor is a public body, this deadline will last 1 more year after the end of the Covid19 epidemic.

Payment deadlines from direct/indirect users of state budget to private entities shortened to 8 days.

Tax Measures

Annual report and tax return deadlines for business activities as well as corporate income tax has been postponed to the 31st May 4, 2020.

Informative tax calculation for individuals is to be issued by the Slovene tax authorities by the 30th June 2020 to Slovenian residents, however if receive the calculation by the 15th of July 2020, annual tax returns for 2019 submission date for filing will be postponed to the 31st August 2020.

An option for taxpayers to re-calculate tax pre-payments based on assumption of business results expected for the current fiscal year will be made available.

Taxpayer liability payment can be postponed up to 24 months or divided into installments over 24 months if the epidemic has resulted in them being unable to generate income.

No tax pre-payments required for the months of April and May 2020 (due 10 may and 10 June).

If the Covid emergency has not ended by the 15th may, deadlines can be extended for 30 days.

Specific Insolvency measures

All benefits paid going by the Intervention Law are exempted from enforcement and from tax enforcement, they also do not account for a bankruptcy state in case of personal bankruptcy under the Financial Operations, Insolvency Proceedings, and Compulsory Dissolution Act.

Any legal entity or entrepreneur shall be considered to be “continuously insolvent”

If said legal entity/entrepreneur is in delay to payment of salaries or contribution to workers by more than one month from when the compensations on the basis of laws laying down intervention measures in the Republic of Slovenia for the protection of businesses is received then the insolvency presumptions will last another four months after the end of the measures under intervention law.

Management is not forced to file for the commencement of compulsory settlement or bankruptcy if the insolvency of the company has occurred as a result of the epidemic. This will be fulfilled if the companies activities have been temporally prohibited by the government with a provision/act.

This will apply for the duration of the epidemic and for an additional 3 months after the end of the measures under the intervention law cease to apply

If as a result of the epidemic companies are left unable to carry out measures under the Financial Operations, Insolvency Proceedings, and Compulsory Dissolution Act as part of financial restructuring, they must carry out these very measures no later than a month after the end of the intervention law measures ceasing to apply

This information was drafted by the European Insolvency Practitioners Association

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