Changes in the Road Tax Act No. 361/2014 Coll., as amended (Road Tax Act) effective as of 1 January 2016 An amendment to the Income Tax Act approved on 22 September 2015 also brought changes to the Road Tax Act. Among other things, it involves how a taxpayer’s territorial jurisdiction is determined. Jurisdiction is determined…
Changes in the Accounting Act No. 431/2002 Coll., as amended (Act on Accounting) effective as of 1 January 2016 The Act on Accounting was amended in 2015 by Act 130/2015. The effective date of the Act is staggered, with different provisions coming into force on 1 July 2015, 1 January 2016 and 1 January 2017.…
New forms will be used to file personal and corporate income tax returns. The forms are available at the Financial Administration portal at Sample Forms. Instructions for completing them were published on 27 October 2015 and are available at the Ministry of Finance website Forms for filing value added tax returns, control reports, recapitulative statements,…
The subsidence minimum (€198.08), tax bonus (€21.41), personal allowance (€316.94), 19% tax rate on taxable income up to €2,918.53 monthly, 25% tax rate on taxable income exceeding this amount and the retirement insurance exemption of €200 per month for students were unchanged in 2015 and remain so in 2016. tenie. Minimum wage: €405 Lowest gross…
The last issue provided an overview of the most significant changes in the Value Added Tax Act to become effective after 1 January 2016. In December 2015, the Financial Directorate of the Slovak Republic (Financial Directorate) issued several methodical instructions and guidance to explain further some of the newly introduced provisions. Methodical instruction covering special…
The tax administration uses several sources of internal and external information to assess transfer pricing risk. How do you find out whether you are a hot candidate for a transfer pricing audit? Based on publicly available sources and our department’s own practical experience, we have come up with this little test. 1. Have you reported…