On 31 August 2026, the Financial Administration of the Republic of Slovenia (FURS) published an updated explanatory note on correcting errors from previous periods in current VAT returns under Article 88 of the Value Added Tax Act (ZDDV-1). The guidance now includes two new examples where the self-disclosure institute under Article 88.b ZDDV-1 applies, specifically addressing timely self-taxation with incorrect VAT rates and late VAT accounting combined with simultaneous VAT deduction.
Key Takeaways
- Expanded Self-Disclosure Scope: Taxpayers can now regularize errors involving incorrect VAT rate application and simultaneous late accounting with input VAT deduction through the voluntary disclosure mechanism, reducing penalty exposure.
- Practical Compliance Guidance: The updated examples provide clear procedural clarity for businesses identifying historical VAT miscalculations, enabling correct adjustment in current filing periods without triggering full audit procedures.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement