Tag Archives: inventory count

Understanding Inventory Differences, VAT on Shortages, and the Tax Treatment of Impairments

inventura

A precise understanding of inventory discrepancies and their accounting and tax treatment is essential for every company. The Slovenian Accounting Standards 2024 (SAS 2024) clearly define the obligation of proper inventory valuation and the treatment of shortages, surpluses, impairments, and related tax effects. Is a shortage identified during an inventory count a tax-deductible expense? According […]