Significant changes were made in respect of criteria for determining type of documentation taxpayer has to keep, as well as the content of each type of documentation. New Guidelines are effective for the tax periods beginning after December 31, 2017.
Yesterday (December 13, 2018), the Slovak Parliament overrode President’s veto on the Act on special levy of supermarket chains which introduces the obligation to pay a special levy in the amount of 2,5% of the net turnover of the supermarket chain.
Slovak Parliament overrode President´s veto on the amendment to the Act on travel and tourist industry promotion that touches on recreation of employees and introduces recreational vouchers as the new financial tool for promotion of travel and…
Several new exemptions or tax bonuses have been introduced in taxation of individuals for the years 2018 and 2019. As in many cases these changes were passed indirectly through amendments to other regulations, we prepared for you a summary of the…
Approved wording of the Amendment to the VAT Act contains two significant changes.
The National Council of the Slovak Republic approved in October and the Slovak President signed the amendment to the Slovak VAT Act (VATA) which introduces decreased VAT rate (10 %) for accommodation services. This change should be effective from 1…
On 21 September 2018 Slovakia officially submitted ratification instrument of Multilateral Convention which will enter into force for Slovakia on 1 January 2019.
One of the most significant changes of the amendment is the introduction of prepayments for social insurance and the annual reconciliation of these prepayments. The aim of the amendment is to avoid the social insurance optimization.
Slovak government approved proposal of the “e-kasa” project with aim to eliminate fraud in cash receipt reporting based on introducing a mechanism for the online connection of cash registers to the financial administration’s central database. The…
The Act on Insurance Tax has been published in the Collection of Laws under no. 213/2018. This act implements, among other things, the anticipated rules for accounting and taxation of virtual currencies trough an indirect amendment of the accounting…
On 20 June 2018 the Slovak Parliament has approved the Governmental proposal of the insurance tax act introducing tax in the amount of 8% from non-life insurance lines of business in case that the insured risk is located in the territory of…
Trading with virtual currencies is becoming an increasingly discussed topic. As the current version of tax and accounting legislation does not provide for necessary guidance, at the end of March the Ministry of Finance issued a Methodological…