In September 2019, the National Council of the Slovak Republic approved an act amending and supplementing Act No. 442/2012 Coll., on international assistance and cooperation in tax administration, implementing DAC 6. As we informed you in the previous editions of our Newsletter, this act establishes the automatic exchange of information on cross-border measures subject to communication between competent EU member state authorities, i.e., the measures used for aggressive tax planning. In order to ensure that automatic exchange of information, a reporting obligation of the so-called obligators (intermediary or taxpayer, i.e. the user) has been established.
Some of the provisions of this Act enter into force on 1 January 2020, some up to 1 July 2020. It should however be reiterated that the reporting duty will be retroactively subject to the above-mentioned transactions already effected from 25 June 2018, whilst the transactions effected from the period from 25 June 2018, to 30 June 2020, will need to be reported by 31 August 2020.
