Always up-to-date with the latest tax & audit news.
Sometimes it is hard to find to-the-point business-related news. TPA keeps track the tax updates, which are sent by e-mail 4 times a year. Each newsletter is also available as a printable PDF.
Newsletters
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2023
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NEWSLETTER 3/2023
In the third edition of our Newsletter in 2023, we bring you the following topics:
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Confusing exemption of non-monetary consideration in the Income Tax Act.
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Taxation of income from cryptocurrencies and mutual funds is fundamentally changing!
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The amendment to the VAT Act brings a myriad of changes.
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The Ministry of Finance is presenting a draft bill on the top-up tax.
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Meals are also rising with the rise in the price of food from 1.6.2023!
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Compensation for the use of personal vehicles on business trips goes up again!
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NEWSLETTER 2/2023
With the second issue of our 2023 Newsletter we bring you the following topics:
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Bill on the transformation of commercial companies and cooperatives postponed to the second reading.
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Tightening the rules on effective contrition and adjusting the criminal threshold for tax offences.
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There will be no similar so-called trust funds in Slovak legislation yet!
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Proposed changes to the Income Tax Act.
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Non-resident income from bonds will again not be subject to tax in Slovakia!
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Will Slovak road hauliers finally save on motor vehicle tax?
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Public finance portal available to everyone in Slovakia.
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NEWSLETTER 1/2023
With the first issue of our 2023 Newsletter we bring you the following topics:
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The reduced VAT rate of 10% on selected services is here to stay.
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Parliament passes a law supporting family business.
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Changes for taxpayers in the area of transfer pricing.
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New tax support for voluntary retirement savings.
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The Ministry of Justice submits a draft law on the transformation of companies and cooperatives.
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Aid for beneficiaries of investment aid in the wake of the energy crisis.
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The analogy of the so-called trust funds is finally in Slovak legislation!
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Changes to disclosures in annual reports.
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Adjustment of wage supplements from 1.6.2023.
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Compensation for the use of personal vehicles on business trips goes up again.
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Opportunity to obtain a grant for a process audit.
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NEWSLETTER 3/2023
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2022
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NEWSLETTER 4/2022
With the fourth issue of our 2022 Newsletter we bring you the following topics:
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What else does the Income Tax bring from 1st January 2023?
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Approved amendment to the Value Added Tax Act.
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Will be high energy prices solved by a levy on excess income?
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Solidarity contribution from oil and gas companies?
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Will the rate of the special levy be increased and the scope of its payers expanded?
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New tax on a special construction used for the transport of gas.
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Parental pension as compensation for parental care.
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Tax reliability index list publication date postponed again.
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Municipalities have a new way of determining the local fee for municipal waste and small construction waste.
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Financial contribution from the state for the purchase of goods and services.
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Foreign investments from third countries beware! You will be screened!
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Paternity leave from 1st November 2022.
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Other changes to the Labour Code with effect from 1st November 2022.
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Meal allowances are struggling to keep up with price rises also from 1st January 2023.
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NEWSLETTER 3/2022
In the third edition of our Newsletter in 2022, we bring you the following topics:
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Amendment to the VAT Act introduces new obligations
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What new will the amendment to the Income Tax Act and the Tax Code bring?
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Digitalisation of the economy brings new reporting obligations
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Certificates for electronic signature expire at the end of 2022!
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Change of subsistence and mileage allowances for business travel from 1.9.2022
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Minimum taxable amount for employee health insurance
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NEWSLETTER 2/2022
With the second issue of our 2022 Newsletter we bring you the following topics:
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Is this the end for neglected buildings?
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Personal Pension Product as a new tax allowance
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The reverse charge mechanism as a tool in the fight against tax evasion continues.
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Will you participate in the testing of the new e-invoicing system?
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Would meal and car allowances increase again?
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NEWSLETTER 1/2022
With the first issue of our 2022 Newsletter we bring you the following topics:
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Deposit on single-use packaging in accounting
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The tax reliability index will not be reported to taxpayers until June 2022
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Further limitation on the tax deductibility of external financing
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Tax deductibility of COVID-testing expenses
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New obligations for payment service providers
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Meal allowances for employees should increase in 2022
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Simplified employment of a Ukrainian citizen
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NEWSLETTER 4/2022
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2021
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NEWSLETTER 4/2021
With the fourth issue of our 2021 Newsletter we bring you the following topics:
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The Tax Code amendment has been approved
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New VAT measures to combat tax fraud
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A step back in the ‘tax support’ for R&D
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Amendment to the Accounting Act supports digital transition in accounting
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Meal vouchers will no longer be tax attractive!
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E-invoice - government’s new tool to combat tax evasion
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Tax authorities start the electronic communication
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Mandatory disclosure of bank account numbers
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Government plans to support family business
- Another milestone on the road to fair corporate taxation
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NEWSLETTER 3/2021
With the third issue of our 2021 Newsletter we bring you the following topics:
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Will the inequalities in meal allowances be eliminated?
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The criteria for the Tax Reliability Index have already been published
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What changes will be introduced by the bill on the state rental housing aid?
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Simplification of accounting for entrepreneurs with effect as of 1 January 2022
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Minimum wage in 2022
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NEWSLETTER 2/2021
With the second issue of our 2021 Newsletter we bring you the following topics:
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The Financial Administration makes the balance of personal accounts available to taxpayers
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Being "tax reliable" pays off
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Measures to improve VAT collection
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NEWSLETTER 1/2021
With the first issue of our 2021 Newsletter we bring you the following topics:
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New administrative obligations does the e-invoice bring?
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Waiver of tax penalties and sanctions.
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Testing of employees, family members and suppliers is finally a tax expense
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Entitlement to the tax bonus also thanks to the “pandemic” benefit
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Permanent “Kurzarbeit” scheme to help maintain jobs
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New rules for homeoffice and teleworking
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Money or meal voucher?
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New grounds for notice given by the employer
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Further increase in state aid – “First Aid ++”
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NEWSLETTER 4/2021
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2020
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NEWSLETTER 4/2020
With the fourth issue of our 2020 Newsletter we bring you the following topics:
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The approved amendment to the VAT Act mainly regulates cross-border trade
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Amendment to the Income Tax Act 2021 approved
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Tax Code changes effective from the new year
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First Aid PLUS substantially increases State aid
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About big changes in the Motor Vehicle Tax Act will be pleased not only road carriers
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Milder conditions for investment aid and a change in tax relief
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Abolition of the special levy from 1 January 2021
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Reduced registration fee for greener vehicles
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2021 sees changes to the minimum wage
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What will the Labour Code bring in 2021?
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NEWSLETTER 3/2020
With the third issue of our 2020 Newsletter we bring you the following topics:
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114 measures to help entrepreneurs
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Changes in the payment of income tax advances and in the deduction of tax losses
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What changes does the amendment to the VAT Act propose in 2021?
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Draft amendment to the Income Tax Act from 1 January 2021
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Adjustment of subsistence minimum amounts from 1 July 2020
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Upcoming changes in the Tax Code
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Changes in payroll and labour law
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Temporary freeze of meal allowances and meal vouchers
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Rent payment subsidies during the coronavirus crisis
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DAC 6 obligations are postponed
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NEWSLETTER SPECIAL EDITION 04/2020 II.
Our second special Newsletter edition brings you an overview of further emergency measures in Slovakia to mitigate the negative impact of the COVID-19 pandemic.
On Wednesday 22 April 2020, the Slovak National Council approved an amendment to Act No 67/2020 on certain emergency measures in conjunction with the spread of the dangerous contagious human disease COVID-19, as amended by Act No 75/2020, as well as the amendment to Act No 461/2003 on social security, as amended. These acts have been published in the Collection of Laws under Nos 96/2020 and 95/2020. The most important changes and measures adopted are listed below:-
Income Tax
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Vehicle Tax
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Tax Administration (The Tax Code)
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Cash Registers
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Value Added Tax and Excise Duties
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Local Development Fee, Local Taxes and Fees
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Social Security
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NEWSLETTER SPECIAL EDITION 04/2020
Our special Newsletter edition brings you an overview of emergency measures in Slovakia to mitigate the negative impact of the COVID-19 pandemic.
On Thursday 2 April 2020 and Friday 3 April 2020, the Slovak National Council approved an amendment to the Act on certain emergency measures in conjunction with the spread of the dangerous contagious human disease COVID-19, in the areas of finance, employment legislation in order to save jobs, and social security and health insurance. All acts have been published in the Collection of Laws under Nos 63/2020, 66/2020, 67/2020 and 68/2020. Below are the most important changes and measures adopted:-
Income Tax
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Vehicle Tax
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Tax Administration (The Tax Code) and Administrative Fees
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Accounting Act
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Measures on Importing Goods
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Labour Code
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Social Security and Health Insurance
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Employment services
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NEWSLETTER 1/2020
With the first issue of our 2020 Newsletter we bring you the following topics:
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13 new measures for tax payers, entrepreneurs and employees during the COVID-19 pandemic – postponement for income tax returns until the end of June 2020.
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Advantageous method of depreciation for buildings intended for employees.
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The departure of Great Britain and Northern Ireland from the EU.
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The European Commission has published the final version of its Explanatory Notes regarding the new VAT measures – “Quick Fixes.”
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Mária Janušková new TPA Slovakia partner
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NEWSLETTER 4/2020
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2019
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NEWSLETTER 4/2019
With the fourth issue of our Newsletter we bring you the following topics:
- Amendment to the Accounting Act
- Changes to the Accounting Act following the amendment to the Commercial Code
- Amendments to the VAT Act approved – adjustments to chain supplies, call-off stock, 10% VAT reduction on selected goods and other changes
- Recreation vouchers unchanged and minimum wage increased from 1 January 2020
- Amendment to the Tax Code
- Approval of the amendment to the act on cross-border measures subject to reporting – DAC 6
- Approved changes to the fee for development
- Doubling a special bank levy
- The Financial Administration of the Slovak Republic will draw attention to eKasa connection twice monthly
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NEWSLETTER SPECIAL EDITION 10/2019
Not all changes and news could have been included in our Newsletter 3/2019 and that is why we bring you our special edition with following topics:
- An overview of the most important income tax changes
- Changes in the VAT Act based on parliamentary proposals
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NEWSLETTER 3/2019
The third issue of our TPA Newsletter brings an overview of the following important subjects:
- Sum of Meal Allowances from 1 July 2019
- Use of e-Kasa Postponed
- Changes to VAT Return and EC Sales List from January 2020
- Recreation Vouchers for All Employees
- 13th and 14th Wages to Be Exempt from Social Security
- Second Wave of Reductions on the Administrative Burden of Natural and Legal Persons
- More Changes to the VAT Act to Come
- Changes to the Income Tax Act from 1 January 2020 approved
- IFRS 16 – New Leasing Standard Effective 1 January 2019
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NEWSLETTER 2/2019
The second issue of our TPA Newsletter brings an overview of the following important subjects:
- Changes to the Income Tax Act from 1 January 2020
- Proposed Act in Relation to Reportable Cross-Border Arrangements – DAC 6
- Electronic Invoicing in Public Procurement
- Changes in Reimbursement for the Use of Private Cars for Business Trips and an Increase in Meal Allowances
- Proposed Amendment to the VAT Act from 1 January 2020
- What Tax Changes Will Affect Us Before the End of 2019, and What Else Awaits?
- What Should We Prepare for After Brexit?
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NEWSLETTER 1/2019
The first issue of this year's TPA Newsletter brings an overview of the following important subjects:
- Reduced VAT rate for accommodation services
- Change in the VAT system for the taxation of trade between member states
- Proposed amendments to the VAT Act
- Support of small and medium-sized enterprises in the area of income tax
- A multilateral convention signed with 10 countries came into effect on 1 January 2019
- Changes await transfer pricing documentation for 2018
- Cancellation of the notification duty when changing bank accounts
- Conditions for tax exemption of the 13th salary
- Remuneration for hours worked at night and during holidays – Stage 2
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NEWSLETTER 4/2019