As part of a Programme Declaration of the Slovak Government, the MFSR has issued preliminary information on the proposal of an act to amend and supplement Act No. 595/2003 Coll. on Income Tax, as amended.
The aim of the legislation is to support small and medium-sized enterprises by improving legislative and administrative conditions.
The measures should primarily concern the following areas:
- simplifying the calculation of the tax base,
- transfer of the registration duty for income tax to a tax administrator,
- simplifying the calculation of advance tax payments, including reporting their amount to a tax administrator,
- re-assessing the deadline for filing tax returns.
The comment procedure is expected to begin in May 2019.
