From 1 January 2026, Act No. 384/2025 Coll. on the recording of sales comes into force, imposing new obligations on businesses and amending the Tax Code. Penalties for breaches of tax obligations are being tightened, and an incentive mechanism is…
The method for calculating accounting and tax depreciation for motor vehicles is changing. The Financial Administration has issued new guidance that clearly describes the accounting perspective from the tax perspective and explains how to avoid…
When leasing real estate or other assets for a long term, it often happens that the lessee needs to adapt the property to their needs. Under certain conditions, technical improvements made to leased assets can be included in assets and depreciated…
Electronic signatures have become an integral part of digital communication and transactions. In practice, they are utilized for different types of documents and contracts, with each type of electronic signature offering its own specific features…
Buying a new car or motorbike from another EU member state is not an everyday occurrence. It's important to bear in mind in advance that even if you bring a new vehicle from another EU member state to Slovakia as a private individual, you will still…
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?