13 new measures are to be introduced by the current ministers for finance and economics with the aim of helping to compensate for the effects of coronavirus on entrepreneurs, companies and taxpayers. The measures are currently in the drafting phase and will be subject to an extraordinary approvals process. Implementation of these measures is expected to be carried out by the new government, which will be in place as of Saturday 21 March. After the final decisions have been taken, we will inform you without delay via a special newsletter of the legal implications.
However, at a government meeting held on 18 March 2020 it was already decided to exempt tax arrears from penalties for the late filing of all income tax declarations as of 1 January 2021, whereas this latest decision applies to all income tax declarations with filing deadlines on 31 March, 30 April and 31 May 2020, on the condition that they are filed by the end of June 2020. This governmental decree also waives late payment penalties if the relevant income tax is be paid by 30 June 2020 at the latest. The decree was approved by the Slovak Government and is effective upon publication of the directive in the Collection of Laws.
