Slovenia's Ministry of Finance has recently proposed a number of amendments to the country's Corporate Income Tax Law concerning tax allowances. The main proposals include:
- Reducing the R&D investment allowance for in-house R&D and certain third party R&D service expenses from 100% to 50%;
- Reducing the investment allowance for equipment from 40% to 20%; and
- Abolishing the tax allowance for hiring new employees.
Subject to approval, the proposed changes would apply from 1 Januar…