Proposal of the Act on insurance tax, which is a part of the Governmental legislative plan for 2018, is already in inter-governmental review process.
Starting from 2018, definition of tax residency of individuals has been broadened.
On 7 December 2017 Parliament approved an Amendment to the Income Tax Act. The second reading has brought several significant changes, such as the exemption of income from the sale of shares and business shares.
On 19 December, the President signed an amendment to the VAT Act, which was approved by the National Council of the Slovak Republic at the beginning of December.
The proposals concern the tax bonus for paid mortgages interest, tax measures to support spa facilities in Slovakia, patent boxes introduction to support industrial R&D and many others.
The Amendment of the Act No. 563/2009 Coll. on Tax Administration (the Tax Code) was approved by the Slovak Parliament for the second reading. The next steps of the legislative process are planned for October 2017.
The Slovak Ministry of Finance introduced in May 2017 a draft amendment to Act No. 222/2004 Coll. on VAT as amended.
The Slovak Government approved the proposal of the Action plan of fight against tax evasion for the period 2017 – 2018 (hereinafter “Action plan”) which was introduced by the Ministry of finance, Ministry of Justice and Ministry of Home affairs.
In December 2016, the European Commission introduced its proposals to simplify and modernize VAT rules for e-commerce. The proposals are split into individual phases from now to 2021.
Starting with January 2017 / 1st calendar quarter 2017 VAT period new form of the VAT Ledger Statement should be used where the supplier (VAT payer) will be obliged to report supply of construction works, construction or goods with its installation…
Government bill amending and supplementing Act no. 442/2012 Coll. on international assistance and cooperation in tax administration was passed by the Parliament on 1 February 2017. The law will come into force on 1 March 2017.