Ljubljana law firm : Taxation of Lawyer’s Fiduciary Account Funds
In a significant decision, the Supreme Court of Slovenia (Vrhovno sodišče Republike Slovenije), in its ruling No. X Ips 8/2017 on September 13th, 2023, has provided clarity on the taxation of funds received by lawyers in their fiduciary accounts following or based on court decisions. This ruling carries implications for both lawyers and their clients, as it addresses the important issue of whether these funds constitute taxable income for the lawyer and/or the clients they represent. A Ljubljana Law firm...