Tax treaty to draw Slovenia and Australia closer

The signing of a tax treaty between Slovenia and Australia will draw both countries closer together and open up new business opportunities.

Slovenian Ministry of Finance State Secretary Katja Božič said the signing of the “historic document” would benefit both nations.

“This is the first tax treaty between our countries, and it reflects our shared commitment to have a transparent tax environment,” she told a function to mark the signing in Sydney. Hosted by the Embassy of the Republic of Slovenia, the Slovenian Australian Chamber of Commerce and law firm Bartier Perry.

The event heard from business leaders who spoke of the shared connections and business opportunities between both countries. 

Bartier Perry Dispute Resolution & Advisory partner Gavin Stuart said just over 21,000 Australians claim Slovenian heritage.

“Those ties are if anything growing stronger as a new generation of Australians reconnect with their heritage and the green heart of Europe.

What they’re discovering is an increasingly attractive investment destination and ideal jump off point to the wider European market,” said Mr Stuart.

Bartier Perry Private Clients partner Peter Kramer said the Treaty would foster confidence and drive investment into both countries.

“This tax agreement provides a level of security and certainty to Government, businesses, their advisors and taxpayers,” said Mr Kramer.

Mr Kramer said the Treaty would avoid “double taxation” for investors and businesses in both countries.

Final and formal ratification of the Treaty by both the Slovenian and Australian Government could see it come into force by 2026.