The Motor Vehicle Tax Act has been amended effective 1 January 2020 based on amendment of Act No. 106/2018 Coll. on the Operation of Vehicles and Road Traffic. Several changes came into effect in January that clarify Act No. 361/2014 Coll. on Motor Vehicle Tax. These changes affect all entrepreneurs who incur a tax liability…
Commercial Register The amendment of the Commercial Code and the Commercial Register Act amends numerous provisions. One fundamental change is the fact that petitions to the commercial register can now essentially only be filed electronically (if a document cannot feasibly be filed electronically given the nature of the document or its size, then paper form…
Transpositioning of Directive (EU) 2018/957 of the European Parliament and of the Council of 28 June 2018 amending Directive 96/71/EC concerning the posting of workers in the framework of the provision of services into Slovak law. The original scope, or ‘hard core’ of the directive composed of the minimum wage tariff is expanded to include…
2020 will deliver new figures and new benefits for employees, natural persons and self-employed persons. Subsistence minimum The subsistence minimum is increasing from EUR 205.07 in 2019 to EUR 210.20 in 2020. Minimum wage The government has approved an increase of EUR 60 in the minimum wage from EUR 520 to EUR 580. Together with…
Reduction in the income tax rate for selected taxpayers The amendment will reduce the income tax rate from 21% to 15% for legal entities and natural persons with income classified under §6 (1) and (2) of the income tax act and with annual income (revenues) of up to EUR 100,000. This reduced rate will be…
Sme radi, že i vďaka nám sa hendikepované deti sa mohli naučiť nové zručnosti na workšopoch ako latinoamerické zumba tance, maľovanie na tvár, ozdobovanie sádrových odliatkov, enkaustiku – maľovanie horúcim voskom na papier, pedig – prútikárstvo, streľbu z kuše a luku, razenie mincí, výrobu šperkov z kovu a doplnkov z kože.
At present, a draft amendment to the Tax Administration Act is currently in the interservice commenting procedure (Tax Procedure Code) as amended (hereinafter referred to as the “Tax Procedure Code”) and aims to introduce a number of changes; the most important ones are mentioned below: Entities involved in tax administration – for reasons of…
Does your company provide fuel cards to its subsidiaries or other companies within the same group? In this special newsletter, we would like to inform you on the Judgment of the European Court of Justice No. C-235/18 Vega International Car Transport and Logistic, in which the ECJ has ruled that the provision of fuel cards…
I. The National Council of the Slovak Republic had its first reading on 26 June 2019 for the approved a parliamentary motion to promulgate the law amending Act No. 222/2004 Coll. on Value Added Tax, as amended (“VAT act”). The draft amendment proposes reducing the VAT rate to 10% on all foodstuffs, with exceptions specified…
The draft amendment to the income tax act modifies several aspects. This newsletter covers the most significant changes including: introduction of the term micro taxpayer and related changes to the taxation of this group of taxpayers Under the draft amendment to the income tax act, the new term micro taxpayer is used to define a…