Support of small and medium-sized enterprises in the area of income tax

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As part of a Programme Declaration of the Slovak Government, the MFSR has issued preliminary information on the proposal of an act to amend and supplement Act No. 595/2003 Coll. on Income Tax, as amended.

The aim of the legislation is to support small and medium-sized enterprises by improving legislative and administrative conditions.

The measures should primarily concern the following areas:

  • simplifying the calculation of the tax base,
  • transfer of the registration duty for income tax to a tax administrator,
  • simplifying the calculation of advance tax payments, including reporting their amount to a tax administrator,
  • re-assessing the deadline for filing tax returns.

The comment procedure is expected to begin in May 2019.

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