The purpose of this diploma thesis is to investigate and establish the tax situation of insurance agencies in the Republic of Slovenia in comparison to a service company that is not liable for the payment of Financial Services Tax (hereinafter: “ZDFS”). The focus of this research is the time period when ZDFS appears, to whom it applies, what is the subject of its taxation, the rate, its impact on employees in insurance agencies and from a broader perspective, how does it affect the country and the national budget. The theoretical part is thoroughly explored by using the methods of studying academic literature, describing, comparing and compiling the research data. In the empirical part of the diploma thesis, a quantative study was conducted, where a profit and loss statement of a company with ZDFS liability is transformed in regard to accounting standards into a profit and loss statement of a service company with no ZDFS liability. The results show that the aims of the thesis have been achieved and moreover, they provide answers the main thesis statements of the diploma paper. This research proves its usefulness by revealing that ZDFS collection and control procedures are more complicated and less accurate, compared to VAT collection and control procedures. The latter appears to be more appropriate for being implemented by insurance agencies, as it would no longer lower their real income and their employees' salaries. Moreover, the country would benefit from collecting more taxes.
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