Australia Signs Tax Treaty with Slovenia - Media Release

AUSTRALIA SIGNS TAX TREATY WITH SLOVENIA

The Government has signed a new tax treaty with Slovenia, representing the first tax treaty between the two nations and a significant milestone in the bilateral relationship.

Once in force, the treaty will enhance trade and investment opportunities between Australia and Slovenia by creating a more favourable regulatory environment and producing new opportunities to enhance economic cooperation.

The treaty will give Australian businesses new opportunities to access Slovenian capital through reduced withholding tax rates.

This will lower costs for Australians investing in Slovenia and will improve access to Slovenian technology.

In 2023, trade between our two nations amounted to about 411 million, and bilateral investment amounted to about 215 million.

The treaty will also reduce compliance costs for taxpayers and improve certainty for businesses and investors connecting Australia and Slovenia.

The treaty will play an important role in supporting the Government’s commitment to Ensure that Multinationals Pay Their Fair Share of Tax by establishing strong cooperative links between Australia and Slovenia and is line with OECD and G20 recommendations designed to reduce profit shifting.

Once both countries have completed their domestic implementation requirements, the treaty will enter into force.

A detailed summary of the main features of the new treaty is available on the Treasury website.


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  • Andrew Leigh
    published this page in What's New 2024-09-09 12:09:39 +1000

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Cnr Gungahlin Pl and Efkarpidis Street, Gungahlin ACT 2912 | 02 6247 4396 | [email protected] | Authorised by A. Leigh MP, Australian Labor Party (ACT Branch), Canberra.