In brief
28 June 2023

One sentence summary | June 2023

Last month’s tax and legal news in brief.

Daňové a právne oddelenie
  • Members of Parliament at their June‘s meeting approved amendments to the Income Tax Act (1654, 1597), which bring several significant changes. We will prepare an overview of the main tax legislative changes in the next issue. The respective amendments have not been signed by the Slovak President yet.
  • Do not forget to file the income tax returns. Taxpayers who announced an extension for filing the income tax returns by three months must meet their statutory obligation by 30 June 2023.
  • The Parliament approved the Act on Transformations of Companies and Cooperatives, which introduces a new mechanism for national and cross-border transformations and modifications of the legal form. For more detailed information, see our previous Article.
  • According to the Decree of the Ministry of Labour, Social Affairs and Family of the Slovak Republic, the subsistence minimum will be increased to EUR 268.88 for an adult individual person as of 1 July 2023. 
  • The European Central Bank increased the key interest rates on the main refinancing operations to 4% with effect from 21 June 2023.
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