As you were already informed in previous issues of our Newsletter, an automatic exchange of information about cross-border transactions used for aggressive tax planning has been introduced with effect from 1 July 2020 (implementation of DAC 6). To ensure this automatic exchange of information, the notification obligation has been imposed on the so-called liable persons (intermediary or respective taxpayer, i.e. user), while the deadline for its fulfilment as for transactions (measures) carried out from 25 June 2018 to 30 June 2020 was no later than 31 August 2020.
Given the current situation regarding the spread of the dangerous contagious human disease COVID-19, the European Commission decided, at the end of June 2020, to postpone the original deadlines for EU Member States by adopting Council Directive (EU) 2020/876. For this reason, amendment to Act No. 442/2012 Coll., which moves the original deadline for the notification of cross-border transactions carried out between 25 June 2018 and 30 June 2020 from 31 August 2020 to 28 February 2021, was approved and published in the Collection of Laws of the Slovak Republic under no. 198/2020 Coll. on 21 July 2020.
At the same time, a new deadline for the notification of measures resulting from cross-border transactions carried out between 1 July 2020 and 31 December 2020 is set for the period from 1 January 2021 to 31 January 2021.
