26. 3. 2026
26. 6. 2025
26. 6.
2025
One sentence summary | June 2025
Last month’s tax and legal news in brief.
- The draft amendment to the Financial Transaction Tax Act has passed its second reading. The aim of the proposal is to abolish the transaction tax for self-employed individuals and for legal entities and organizational units of foreign persons with annual taxable income (revenues) up to EUR 100 000.
- The draft amendment to the VAT Act adjusting the deduction of VAT on motor vehicles to half with the originally planned effect from July 1, 2025 has not yet been presented by the Ministry of Finance of the Slovak Republic.
- From July 1, 2025, selected importers will apply self-assessment of import VAT when importing goods from third countries, which means that they will calculate the tax themselves and indicate it in their tax return. This scheme will apply only to those taxable persons who have been granted the status of approved economic operator and meet the conditions laid down by law. Further information can be found at this link.
- The amendment to the Income Tax Act introduces an exemption of income from dependent activities in the aggregate amount of up to EUR 300 per month for coaches who are registered as individuals in sport. At the same time, a 'super deduction' is introduced, which allows the deduction of the costs of promoting sport through in-kind benefits (tools, equipment), with the maximum amount of the deduction set at EUR 250 000 for the relevant tax period. This deduction for expenditure on the promotion of sport may be claimed by legal persons and individuals with income from business or other self-employed activities under specified conditions. The amendment will enter into force on January 1, 2026.
- The Tax Administration points out that influencers' income from collaborations, advertisements or sales is subject to the same taxation as ordinary business income. The obligation to file a tax return arises for income above EUR 2,876.90. If an influencer's annual turnover exceeds EUR 50,000, they are obliged to register for VAT, so it is important to keep a close eye on your tax obligations. Find out more here.
- On June 16, 2025, the Ministry of Finance of the Slovak Republic launched a comment procedure on the amendment to the Act on the Additional Tax, which should clarify some provisions and introduce a procedure for the re-inclusion of deferred tax liability or, for example, define the content of notifications to the financial administration. At the same time, there is an effort to amend the Law on International Assistance and Cooperation in Tax Administration, which adds the scope and conditions for the automatic exchange of notifications with information for the determination of the top-up tax and other related provisions.
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