Another Amendment to the Financial Transaction Tax Act approved by Parliament
Parliament has approved yet a second amendment to the act on new financial transaction tax, which will be paid from 1 April 2025.
Parliament has approved yet a second amendment to the act on new financial transaction tax, which will be paid from 1 April 2025.
The Commercial Code allows for the extension of the maturity period of a liability. However, did you know that for the purposes of the Slovak Income Tax Act and taxation of liabilities, such an extended liability period is not relevant?
In December, the European Union adopted a directive that will simplify and accelerate the processes related to the refund of excess withholding tax. This directive is a significant step towards modernizing tax processes within the European Union,…
After almost two years of negotiations, in early November 2024 the Council of the European Union reached an agreement on new VAT measures – VAT in the Digital Age (“ViDA”). These measures aim to update the VAT system in the EU to reflect the…
Only 56 days of the approval of the Financial Transaction Tax Act, the Parliament approved its amendment.
The provisions of the Tax Code allow a taxpayer to request the Financial Directorate to issue a binding opinion on the application of tax regulations. However, do you know what areas the opinion is issued on?
Amendment to the Slovak VAT Act that was approved by Parliament brings the following major changes
The Council of the European Union approves a revised list of non-cooperative jurisdictions for tax purposes. Following the meeting, one country was removed from the blacklist. At the same time, no other countries were added to the list.
Last month’s tax and legal news in brief.
In certain cases, the taxpayer is obliged to interrupt the tax depreciation. However, did you know that the Slovak Income Tax Act also states the interruption of the application of tax depreciation of tangible assets as a voluntary option?
The Court of Justice of the EU (CJEU) released judgement C‑171/23 UP CAFFE which is dealing with the question, whether establishment of new company with the aim to maintain the benefit of the status of small enterprise in respect of an activity…
Recently, the administrative courts as well as the Supreme Administrative Court of the Slovak Republic have issued several judgments dealing with the assessment of transfer pricing of the manufacturing companies. These judgments bring new insights…