‘Finance’ Fears Šarec Govt. Will Raise Taxes on Capital Gains

By , 28 Aug 2018, 09:31 AM Business
Sculpture in downtown Ljubljana Sculpture in downtown Ljubljana JL Flanner

Share this:

STA, 28 August 2018 - Analysing the new coalition agreement, the business paper Finance takes particular issue with the plan to "include personal revenue from capital and rents into the base for calculating personal income tax". "Šarec's people feel entitled to up to 50% of your gains even though they contributed noting and took on no risk," the paper says on Tuesday. 

Capital gains are presently taxed at a flat rate of 25% for the first five years and then less and less as the period lengthens between the acquisition and sale to encourage long-term saving, for instance for pensions.

If this is replaced by the government led by Marjan Šarec by personal income taxation, the rate for some could grow all the way to 50% and also affect those investing in their pension via securities.

Presently, those with security plans of 20 years and more end up paying zero tax, but now imagine "saving all your life for retirement, creating EUR 100,000 in capital gain and end up having to send EUR 50,000 to the state", Finance says in ‘Šarec's Message to Savers’.

Photo galleries and videos

This websie uses cookies. By continuing to browse the site you are agreeing to our use of cookies.