- introduction of progressive corporate taxation – the corporate income tax rate in corporations with turnover up to EUR 100,000 shall change from 21% to 15%, even in the case of a special tax base for moving the taxpayer’s assets, the taxpayer’s departure or moving the taxpayer’s business abroad;
- the term “non-contractual state” shall be replaced with “non-cooperating state”; definition of contribution shall be added;
- new depreciation group 0 for electric vehicles with a depreciation period of 2 years (applicable for filing a tax return after 31 December 2019, i.e., already for filing the tax return for the 2019 tax period);
- adjustment of the terms and conditions for exemption of income (revenues) of a legal entity/corporation from the sale of shares (Section 13c);
- adjustment of the terms and conditions for tax loss carry forward, namely the abolition of the straight-line basis of the tax loss deduction and the extension of the deduction period to 5 years; in comparison with a micro-taxpayer who does not have a restriction on the amount of the carry forwarded tax loss, other taxpayers can only deduct a tax loss of up to 50% of the calculated tax base from which the loss can be deducted;
- increasing the threshold for the obligation to pay corporate income tax advances from EUR 2,500 to EUR 5,000 and simplifying the calculation of the tax liability for previous taxation period;
- adjustment of expenses, which are part of the tax base after payment, e.g., abolition of the limitation of the intermediation fee up to 20% of intermediated trade value at the recipient of the service, extension of expenses incurred for advisory services to include product classification code 70.22, deletion of expenses for obtaining standards and certificates from this provision; extension to include flat-rate reimbursement costs for recovery of claims, contractual penalties, late fees, interests on late payment, which are currently not included in tax expenses at all;
- extending the provision to also include ‘wasted investment’ in the tax base in case of long-term financial assets;
- introducing the content of the notice on the adjustment of the tax base of related party;
- changing the terms and conditions for reducing the tax base after the period in which the tax base was increased by overdue liabilities;
- adding the provisions concerning adjustments to the tax base on the assignment and write-off of a receivable;
- adjustment of provisions for the creation of adjustment to receivables; a new definition of non-statute barred receivables;
- changing the terms and conditions for the creation of a reserve for forestry activities;
- abolition of the provision which considered the technical improvement, operation, repair and maintenance of movable property and immovable property provided based on a borrowing agreement as non-taxable expense;
- extending the range of entities to which food can be returned free of charge due to expiry or shelf-life;
- increasing the tax advantage for taxpayers carrying out research and development (deduction of R&D expenditure from the tax base decreased by tax loss); super deduction, up to 200%;
- adjustments in income of taxpayers with limited tax liability arising from sources in the territory of the Slovak Republic;
- introducing clearer rules to avoid the use of hybrid inconsistencies due to different tax assessments of financial instruments and taxable entities in different countries, leading to a reduction of tax liability;
- changes to the withholding tax provisions;
- adjustments of the provisions on the avoidance of double taxation in the case of hybrid transfers;
- rounding changes;
- changes in monetary and non-monetary benefits between the holder and the healthcare provider.
Effective as of 1 January 2020
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