In view of the current situation and the spread of COVID-19, businesses are now more than in the past concerned about the impacts of VAT on business cash flow, focusing mainly on the proposed measures related to the possibility to defer tax payment…
No more business trips within the European Union without A1 certificate. Risk of inspection, penalties and other inconveniences for not having this document increase every year.
The tax authorities of OECD states annually exchange information on persons having relations in another country. It happens more often than in the past that the tax authorities ask taxpayers to document taxation of income from foreign sources or…
Ratification of Multilateral Instrument started an update process of majority double tax treaties that Slovakia has concluded. 24 double tax treaties have already been amended. The changes relate to treaty abuse, hybrid mismatches, permanent…
The Amendment to the Slovak income tax act effective from 1 January 2018 implemented participation exemption rules exempting capital gains from taxation also to the Slovak tax legislation. Due to transitional provisions Slovak tax resident corporate…
The amendment to the Tax Administration Act (Tax Code) was published in the Collection of Laws. The amendment modifies for example the provisions on representation based on power of attorney, the provisions on the obligation of taxpayers to report…
In line with the EU Directive on mandatory disclosure of information (DAC6), the Slovak Parliament in September passed an amendment to Act No. 442/2012 Coll. on international assistance and cooperation in tax administration as amended, implementig…
In the previous issue of our tax and legal news we have informed you about the most important changes that the approved amendments to the Income Tax Act will bring from 2020 to companies and entrepreneurs. This article is focused on new exemptions…
Members of Parliament at their September meeting have approved an amendment to the Income Tax Act proposed by the Government, as well as two proposals by MPs, which introduce several interesting changes. The aim of the government’s amendment is to…
Unless the United Kingdom ratifies the Withdrawal Agreement or requests further extension of EU membership to which the European Council agrees by unanimity, the United Kingdom will leave the EU without a deal on 31 October 2019. In this scenario,…
The Government of the Slovak Republic has recently approved several amendments of tax related legislation. Despite the fact that in most cases the legislative process will be completed in the autumn, we bring you a brief overview of the approved…
The Slovak Ministry of Finance introduced a draft amendment to the Slovak VAT Act bringing three major changes which are proposed to be effective from 1 January 2020.
