Did you know about the term “controlled transaction”?
The transfer pricing rules apply to controlled transactions between related parties. Do you know which transactions are considered as controlled?
The latest accounting news from 1 March 2024
We have prepared an overview of the most significant changes brought by the amendment to the Act on Accounting in connection with the adoption of the Act on Conversions of Companies and Cooperatives.
One sentence summary | September 2023
Last month’s tax and legal news in brief.
Important developments in personal income tax in Slovakia
At the end of June, the Slovak Parliament passed three important amendments covering several areas which should contribute to a lower tax burden of Slovak tax individuals.
Are you ready for tax audit focused on transfer pricing?
Tax deductibility of the services provided by the group is often subject to review by Tax Authorities. Do you know which steps should not be underestimated so that a possible tax audit does not surprise you?
The most important changes brought by the new judicial map
On 1 June 2023, the so-called reform of the "judicial map" will come into force, the primary objective of which, according to its authors, is to achieve faster and better-quality decision-making. The reform will lead to the abolition of several…
What changes with the new Guidelines on the content of the transfer pricing documentation?
The new Guidelines came with several changes. The most significant of them relate to the new definition of significant controlled transaction, the criteria for determining the scope of the taxpayer's documentation obligation, as well as the…
Changes introduced by the amendment to the Income Tax Act from 2023 and 2024 from corporate income tax point of view
On 6 December 2022, the National Council of the Slovak Republic approved amendment to Act No. 595/2003 Coll. on Income Tax as amended (“Income Tax Act”), which brings several changes especially in area of transfer pricing and efforts against…
Overview of the 10 most important changes to the Labour Code in 2022
Act No. 311/2001 Coll., the Labour Code ("Labour Code"), as the basic labour law regulation, was amended up to six times in 2022. The adopted amendments reflect the transposition of European directives or the need to solve application problems…
What brings the amendment to the Labour Code effective from 1 November 2022?
The amendment to the Labour Code introduces several new novelties in response to the European directives on transparent and predictable working conditions. We bring you a summary of the most important changes.
Public consultation on BEFIT, a new framework for EU corporate taxation
The European Commission announced in its communication Business Taxation for the 21st Century a proposal for a new framework for income taxation for businesses. This new proposal is known as Business in Europe: Framework for Income Taxation (BEFIT).
Proposed changes to the Income Tax Act
At the September’s meeting of the National Council of the Slovak Republic, the amendment to the Income Tax Act and the Tax Code was discussed in the first reading. It brings several significant changes, especially in the area of transfer pricing. A…