We should like to inform you that as of 25 May 2018 the General Data Protection Regulation will become valid throughout the European Union, replacing the existing legal regulations. During this period, all concerned entities are obliged to revise their information systems and personal data treatment procedures. Numerous mechanisms included in the GDPR are known…
Since July 2017, the Financial Administration has begun monitoring illegal hazard on the Internet. The monitoring is focused on web pages that do not abide with the currently valid Slovak legislation in accordance with the provision of the law on gambling. It especially concerns the entities that run online gambling without a valid license issued…
On 10 July 2017, the OECD released a new revised edition of its Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. The introduced changes are significant globally since the OECD Guidelines represent the major and most reputable regulation resource on transfer pricing. The new edition especially includes the changes that were approved during 2015…
The amount of the living wage, that had not changed over the last 4 years due to low inflation, increased from 198.09 EUR to 199.48 EUR as of 1 July 2017. In practice, it means that social benefits will be moderately increasing and tax burden will decrease as of 2018. In 2018, the nontaxable part…
The draft amendment of the Commercial Code that is presently undergoing a process of interdepartmental marking up features several novelties and adjustments that, once passed, are to become effective as of 1 January 2018. The proposed changes follow from the action plan of the fight against tax fraud that the Slovak Republic is also committed…