One sentence summary | September 2025

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Last month’s tax and legal news in brief.

The Parliament approved an amendment to the Financial Transaction Tax Act on September 30, 2025. Based on this amendment, as of January 1, 2026, sole traders and other self-employed individuals will be exempt from the obligation to pay this tax.

The Tax Directorate of the Slovak Republic has published information on the financial transaction tax for foreign legal entities. A foreign company that does business in Slovakia and does not conduct financial transactions through a Slovak payment service provider becomes subject to this tax and is required to file a "Financial Transaction Tax Notice". A specimen of the notification can be found on the website of the Financial Administration.

From January 1, 2026, the minimum wage in Slovakia will increase to EUR 915 per month, the largest year-on-year increase to date. This amount will be calculated automatically as 60% of the average wage and will be accompanied by an increase in night and weekend allowances.

The government has approved a new version of the law on revenue registration, which modernises and simplifies the system through eKasa cash registers, introducing the obligation to accept non-cash payments for sales above EUR 1, with exceptions for technical problems. The law also defines new types of cash registers and regulates the obligations of sellers when recording sales. The proposed entry into force is from January 1, 2026.

The Financial Administration has issued a methodological instruction on the registration of value added tax payers. This instruction deals with the rules and conditions for registration of taxable persons, including voluntary registration, and sets out the procedures for applying for registration. The changes include adjustments to the tracking of turnover and additional conditions for the registration of foreign persons.

A new insolvency register is launched on October 1, 2025, which brings significant changes in the field of insolvency and restructuring. The new system will streamline insolvency processes by removing some administrative obligations and application uncertainties. The submission of restructuring plans through a dedicated portal will be modernised, which will simplify access to data on insolvency proceedings. More information can be found in the previous article.

Malta has introduced a new final tax regime allowing companies to pay income tax at 15% instead of the standard rate, which is final and no refunds or credits can be claimed. Companies opting for this regime must apply and pay this tax for a minimum of 5 years. The new tax does not apply to income already subject to other final tax rates and is mainly intended for companies that have been uncomfortable with the current tax refund system. More information can be found at this link.

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