Slovenia Plans to Create a Register of Actual Enterprise Owners

As stated in the Ministry of Finance, it is planned that the register will appear in December 2017. This measure is provided for by the new law “On Combating Money Laundering and the Financing of Terrorism”. The register will be opened publicly in January 2018 and will assist in ensuring the transparency of the ownership structure of business entities.

Launching the register (which, in fact, will become a database on the real owners of enterprises) will allow persons exercising control over the implementation of the Low provisions to access data on actual owners. The register will be managed by the Agency for Public Documents and Services (Ajpes).

The data will be available to individuals and bodies that identify and combat criminal offenses. The register will also link the available data with the data of other similar registers of EU countries. The date of establishing the connection between the registers of different countries in the Ministry has not yet been determined.

According to officials, in recent years, the Ministry of Finance has introduced into the legal system of Slovenia important changes in the sphere of inter-State cooperation with mandatory automatic exchange of data allowing to identify fiscal offences, which the tax authorities of a given State have not yet faced. In addition, a partial introduction of four minimum standards of the OECD project (Organisation for Economic Co-operation and Development) has been already carried out under the BEPS abbreviation. It deals with the prevention of criminal practices of taxation and abuse of agreements on the avoidance of double taxation, the automatic exchange of reports on countries and more effective resolutions of tax disputes.

The Government is also at the stage of implementing the Council Directive (EU) 2016/1164 of 12 July 2016 laying down rules against tax avoidance practices that directly affect the functioning of the internal market.