Withholding tax and security tax are two different methods aimed at securing tax collection (at source). Did you know that the main difference between them lies in their purpose and the way they are implemented?
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?
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?
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?
Fuel rules for the use of plug-in hybrid vehicles have been specific problems for a long time. Taxpayers are interested in which fuel costs are tax deductible when consuming two different types of fuel.
Based on the type and value of a significant controlled transaction, the taxpayer is required to keep transfer pricing documentation in full, basic or simplified scope.
The transfer pricing rules apply to controlled transactions between related parties. Do you know which transactions are considered as controlled?
The reciprocity rule applies when VAT is refunded to foreign person from a third country. Do you know what this rule represents?
The amendment to the Tax Administration Act effective 1 January 2022 introduced the so-called Tax Reliability Index, which should represent an objective and independent assessment of the taxpayer from the perspective of the Tax Authorities. A…
The Slovak Income Tax Act contains the term “taxpayer from the non-cooperative state”. This phrase is commonly used in practice. Do you know what states are considered as non-cooperative?
