As reported some time ago, with effect from January 1, 2022, a legal concept entered into force within the amendment to the Tax Code, which entitles the tax authority to decide on the exclusion of an individual who seriously violates their tax obligations from the position of a statutory representative, member of a statutory body or a supervisory body in companies or cooperatives for a period of three years.
Based on the information published by the Financial Administration of the Slovak Republic, this legal concept is actively applied. Since the beginning of 2022, the Financial Administration of the Slovak Republic has issued a total of 146 exclusion decisions and processed 95 disqualification letters (to be delivered to the court). These actions have led to the exclusion of statutory representatives in a total of 578 companies.
