Accountancy rules in Slovenia
This page explains the basic accountancy rules for issuing invoices and the regulations governing accountancy for a business in Slovenia.
An invoice must be issued to record any supply of goods or services in Slovenia. Invoicing rules are set out in the Value Added Tax Act and the Slovene Accounting Standards. Invoices may be issued in paper or electronic form.
Storage of invoices
If a company trades in Slovenia, it is must keep records of incoming and outgoing invoices and store them for a period of 10 years, while invoices in connection with the sale of real estate must be kept for 20 years.
Invoices must be stored in Slovenia. Electronic invoices that can be accessed online can be stored in a location outside of Slovenia. This obligation remains in force even after a company has ceased trading fora certain period of time.
If a company decides to store invoices issued or received in Slovenia outside Slovenian territory, it must notify the tax authorities.
Keeping books of account
The Companies Act means legally both companies and sole traders must keep accounting records and to prepare their annual accounts in accordance with the Slovene Accounting Standards or the International Financial Reporting Standards. Accounting records are recorded on bookkepping documents.
Which activities are performed within the scope of accountancy?
- Provision of accountancy related information
- Accountancy pro forma invoicing
- Accountancy supervision
- Accountancy analysis
- Accountancy documents
- Accounting ledgers
- Annual report
Slovenian companies have to keep accounts by law which enables them to form accounting reports for statistical and tax requirements. In small enterprises, the compulsory records are the general ledger and the asset register (also cash books if the company operates in cash).
Small businesses often decide that accounting firms only keep records about past operations. In order to make good business decisions, a company has to focus on the future; operations have to be planned, so accounting pro forma invoices are essential.
The accounting method depends on the size of the company. The size classification is stipulated by law.
Criteria for categorising companies and entrepreneurs by size
|Company/enterprise size||Number of employees||Net sales revenues (in EUR)||Assets (in EUR)|
|mikro||less than 10||less than 0,70 mio||less than 0,35 mio|
|small||less than 50||less than 8,00 mio||less than 4,00 mio|
|medium-sized||less than 250||less than 40,00 mio||less than 20,00 mio|
|large||more than 250||more than 40,00 mio||more than 20,00 mio|