The approved amendment to the Tax Code regulates the waiver of tax sanctions

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The National Council of the Slovak Republic approved an amendment to Act No. 563/2009 Z. z., on Tax Administration (the Tax Code) as amended, which will enable the Government to issue a decree on waiver of collection of penalties and late payment interest from taxpayers. The Government decree will allow regulation of all sanctions in relation to all taxes, as well as breach of obligations that occurred before the amendment came into effect. The aim is to ease the existential problems of companies negatively affected by the introduction of measures against the spread of COVID-19.

The Government issued the following decrees during February 2021:

  • Decree on waiver of penalty for failure to file local tax returns for 2021 within statutory deadline of 31 January 2021 if the taxpayer fulfils its obligations by 15 March 2021 at the latest.
  • Decree on waiver of late payment interest for breach of the obligation to pay or remit the tax due or difference in tax, tax advance or payment of tax in instalments within statutory deadline, which became due in the period from 12 March 2020 to 31 December 2020. The taxpayer should fulfil its obligations by 30 June 2021 at the latest. The penalty for failure to file the tax return will also be waived, provided that the same conditions are met.

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