Slovenia

Adoption date

Type of measure

Beneficiaries' sector specification

Description of measure

02/04/2020

Public loans

All non-financial sector

Slovene Entreprprise Fund may grant the SMEs moratorium of payments arising from obligations from loan contracts of maximum 12 months (Article 81 of the Act Determining the Intervention Measures to Contain the COVID-19 Epidemic and Mitigate its Consequences for Citizens and the Economy.

20/03/2020

Public moratoria

All non-financial sector

A law for the moratorium of payments arising from all obligations from loan contracts of maximum 12 month for companies, individual enterpreneurs, farmers has been addopted .
MF offers defferal and/or payments in instalments for tax obligations. Under ZIUPOPDVE, which has amended ZIUOPOK and ZIUOPDVE in December 2020, the bank shall be obliged to grant to the borrower at its request a 9-month moratorium on payment obligations. In this overall length of 9 months deferrals granted by the banks according to ZIUOPOK and ZIUOPDVE are included as well. Application for a moratorium shall be addressed to the bank no later than 26 February 2021, moratorium shall be granted no later than 31 March 2021.

28/04/2020

Public guarantees

Non-financial corporations

Ministry of Finance announced establishment of guaranty scheme for companies and mechanism for purchasing companies debts.

20/03/2020

Tax deferrals

All sectors

Taxpayers can opt to postpone payment of tax liabilities (applicable to all withholding tax and income tax advance payments) for up to 24 months or to pay the liability in 24 monthly instalments, if there are reductions in revenue due to the COVID-19 pandemic.

20/03/2020

Tax deferrals

All sectors

Delay of the deadline for submission of the tax return of the advance payment of personal income tax on income from the activity and tax return of CIT for 2 months

20/03/2020

Tax deferrals

All sectors

Deferral of payment of SSCs for self-employed persons who have no other employees and for farmers for three months. The total value of deferred contributions, excluding interest on late payment, will have to be paid by 31 March 2022 at the latest.

02/04/2020

Tax deferrals

All sectors

Defferal for advance payment of CIT and PIT on income from the activity for April and May (until April 2021 when tax returns for 2020 are due) .

02/04/2020

Public guarantees

All non-financial sector

Government guarantees on moratorium of payments arising from all obligations from loan contracts of maximum 12 month for companies, individual enterpreneurs, farmers and individuals (Article65. Act Determining the Intervention Measures to Contain the COVID-19 Epidemic and Mitigate its Consequences for Citizens and the Economy; ZIUZEOP).

02/04/2020

Tax deferrals

All sectors

Exemption of payment of SSCs for self-employed persons, farmers for three months.

02/04/2020

Tax deferrals

All non-financial sector

Exemption of payment of all social security insurance contributions for all employeees that wait for work due to temporary incapacity of employer to provide work for business reasons or "force majeure".

02/04/2020

Tax deferrals

All non-financial sector

Exemption from payment of all (employers and employees) pension and disability insurance contributions (including contributions for profesional pensions) for employees that continued working in the employment relationship, for the period from 13.3.2020 to 31. 5.2020.

25/11/2020

Tax deferrals

All sectors

The postponment of payments of tax (applicable to all withholding tax and income tax advance payments) or SSCs liabilities for up to 24 months or to pay the liability in 24 monthly instalments. The option to postopne payments is available to legal and natural persons for the income from the activity.

01/03/2020

Direct grants

All non-financial sector

To help individuals and companies in pandemic situation of covering lost income and employees of covering lost revenues

26/03/2021

Tax deferrals

All sectors

Delay of the deadline for submission of the tax return of the advance payment of personal income tax on income from the activity and tax return of CIT for 1 months

20/03/2020

Public guarantees

All non-financial sector

Based on the application of te Creditor / Bank in accordance with the Intervention Meassure Deferred Payment of Borrowers Obligations Act (ZIUOPOK), the Slovene Enterprise Fund issues concent for a moratorium on bannk loans secured by the Slovene Enterprise Fund guarantee

02/04/2020

Reporting requirements

Insurance sector

ISA informed insurance companies that a 2-week delay in the submission of the annual Quantitative Reporting Templates and 1-week delay in the submission of the Q1-2020 Quantitative Reporting Templates is acceptable.

16/03/2020

Reporting requirements

Insurance sector

Weekly reporting about accepted measures regarding daily business

16/03/2020

Reporting requirements

Insurance sector

ISA urges insurance and pension companies to evaluate the impact of COVID-19 on their solvency and liquidity position.

31/03/2020

Dividend distribution policy

Insurance sector

We addressed a note to insurance companies in which we express our expectations for temporarily suspend all discretionary dividend distributions and share buybacks.

Other measure

Banking sector

With the aim of increasing the resilience of the financial system to financial shocks, maintainting financial stability, preventing disruptions to the financial system and reducing the build-up of systemic risks from the Covid-19 epidemic, the Bank of Slovenia has introduced a temporary restriction on profit distributions by banks and saving banks established in Slovenia. The purpose of the measure is to retain capital at banks so that the Slovenian banking system is better able to withstand potential losses, and to continue supplying credit to businesses and households. The macroprudential measure pursues an intermediate objective of macroprudential policy, namely to limit the systemic impact of misaligned incentives with a view to reduce moral hazard-

Other measure

Other

In light of the impact of the Covid-19 epidemic on the real economy and the financial system, Bank of Slovenia is recommending a temporary restriction on the distribution of distributable profit and retained earnings generated in 2019 and 2020 by leasing companies, with the aim of increasing the resilience of the financial system to financial shocks, maintaining financial stability, preventing disruptions to the financial system in Slovenia and reducing the build-up of systemic risks.

13/03/2020

Buffer usability

Banking sector

LSIs can fully use capital buffers. LSIs can temporarily operate bellow P2G level. LSIs can use capital instruments that do not qualify as CET1 capital to meet P2R. All supervisory measures and decisions remains, implementation dates for SREP qualitative measures are postponed for at least 6 months.

13/03/2020

Liquidity measure

Banking sector

LSIs can temporarily operate under LCR levels.

24/03/2020

Borrower-based measure

Banking sector

Bank of Slovenia allowed for a milder DSTI assessment for new borrowers whose incomes temporarily declined during the epidemic.

24/03/2020

Special provisioning policy

Banking sector

Bank of Slovenia encourages banks (recommendation was extended also to LSI banks) to avoid excessive procyclical effects when applying the IFRS 9 international accounting standard.

23/04/2020

Reporting requirements

Banking sector

Bank of Slovenia prepared postponement of the reporting dates for the reports under its competence.

09/03/2020

Reporting requirements

Fund industry

Additional reporting requirements on daily redemptions in UCITS funds.

06/04/2020

Dividend distribution policy

Fund industry

SMA issued an opinion (based on the recommendation of Slovenian Financial Stability Board) addressed to the asset management companies (UCITS and AIF). In the opinion, SMA advised companies to be highly prudent in case of distribution of profits and retained earnings, so that the capital adequacy of companies will not be jeopardize even if the Covid -19 crises continues.

02/04/2020

Reporting requirements

All sectors

Deadline for the publication of annual reports and semi annual reports of public companies was exceptionally prolonged until 31. 5. 2020. This proposal was included in Intervention Measured Act

06/04/2020

Dividend distribution policy

Securities and markets

SMA issued an opinion (based on the recommendation of Slovenian Financial Stability Board) addressed to the investment firms and LJSE. In the opinion, SMA advised companies to be highly prudent in case of distribution of profits and retained earnings, so that the capital adequacy of companies will not be jeopardize even if the Covid -19 crises continues.

06/04/2020

Dividend distribution policy

Infrastructure

SMA issued an opinion (based on the recommendation of Slovenian Financial Stability Board) addressed to the KDD-Central Securities Clearing Corporation. In the opinion, SMA advised companies to be highly prudent in case of distribution of profits and retained earnings, so that the capital adequacy of companies will not be jeopardize even if the Covid -19 crises continues.

20/08/2020

Dividend distribution policy

Insurance sector

We addressed a note to insurance companies in which we recommend to temporarily suspend all discretionary dividend distributions and share buybacks, till the submission of the insurance company Auditor's Report for the year 2020 to the Regulator, but not longer than by 30.04.2021

05/03/2021

Dividend distribution policy

Insurance sector

We addressed a note to insurance companies in which we recommend to temporarily suspend all discretionary dividend distributions and share buybacks by 30.09.2021