What can Slovenia expect from the new Fiscal Law?

Written by editor on . Posted in News

While expecting the introduction of fiscal cash registers to become mandatory for all business subjects in Slovenia as of January 2016, we are analyzing results of similar Fiscal Laws in the region. At the early beginning of 2013, Croatia had adopted a Fiscal Law, which has actually been mostly prescribed by Slovenia. The core of both the Croatian and Slovenian Fiscal Law is online authorization of every transaction created at POS system.

After a year of the Fiscal Law introduction, Croatian officials stated that only in the first half of 2013, the country had noticed €1.73 billion of revenue growth. In the same year, bar and restaurant owners reported a 31.43% increase in turnover, compared to the previous year. Over the same period, the retail industry posted a 13% of increase. After the law had been adopted, Croatian Tax Administration launched a national campaign called „Bez računa se ne računa“(„It doesn’t count without the receipt“). The campaign had been lasting over the entire year, with the idea of informing the Croatian citizens about the importance of taking the receipt after each payment.

Knowing the Slovenian Fiscal law is very similar to the Croatian one, it is expected for Slovenian economy also to notice an increasing growth, even in the first half of 2016.