The European Commission has recently updated its list of high-risk countries (the so-called grey and black lists) that exhibit strategic deficiencies in their national anti-money laundering and counter-terrorism financing (AML/CFT) regimes. All entities within the European Union subject to the AML framework are required to exercise increased due diligence when conducting transactions involving these countries.…
The Slovak Parliament approved the government’s draft amendment to the Act on Excise Tax on Electricity, Coal and Natural Gas in early June 2025. The aim of the proposal is to reduce the administrative burden of the registration process for consumers, adapt the legislation to current trends and promote the electronification of processes. Below we…
At the end of May, the Slovak Parliament approved a parliamentary bill to introduce the institute of super deduction of costs in the field of sports, which could be a motivational tool for private sector investments in Slovak sports. Following the example of research and development, it would be possible to achieve greater activation of…
The Financial Transaction Tax Act has come into force in Slovakia, which introduces the application of a bank transaction tax to all business entities in Slovakia. The new tax will be levied for the first time in the tax period starting in April 2025. In this respect, we are providing you with the following summary…
The Slovak Ministry of Finance has announced the introduction of planned changes to the application of VAT deductions and the adoption of statutory restrictions for private motor vehicles and motorcycles that are also used for private purposes. At the same time, a change in the VAT return form has been adopted due to a legislative…
In March 2025, the European Commission presented the OMNIBUS I proposal, which aims to simplify and streamline the disclosure of sustainability and ESG (environmental, social and governance) reporting. This move is important for both companies and regulators as it will ensure better access to information on environmental and social issues and create a more transparent…
Double-Tax Treaty is a key instrument in the international tax system to avoid taxation of the same income in two different countries. In this article, we look at the most significant changes to these treaties that entered into force on 1 January 2025, as well as new agreements concluded during 2025 in Slovakia. These changes…
The Government of the Slovak Republic has adopted a long-awaited amendment to the Construction Act which has triggered the need to modify several laws related to business and tax obligations of corporations and personal entities. We bring you an overview of changes incorporated into the previously amended laws that were published in January 2025 –…
The Slovak Republic has adopted a law on the minimum level of taxation rule – so-called top-up tax. As the transposition of the new law contained a number of controversial areas, the Government has decided to adopt an amendment to Act No. 507/2023 Coll. on Top-up Tax (Zákon o dorovnávacej dani in Slovak language). The amendment…
A number of amendments to the law in the form of the Terrorist Financing Protection Act, the Asylum Act and the Health Insurance Act were passed at the end of 2024. Below we provide an overview of the main changes effective from the new year. ◻ Anti-Money Laundering Act The Government of the Slovak Republic…