Lex Corona

On 2 April 2020, the Slovak Parliament passed the government’s proposal called Lex Corona, which covers three areas: taxes, financial market, and budgetary rules. The aim of this law is to help and protect taxpayers, entrepreneurs, and SMEs from the economic consequences of the pandemic. The legislation at issue provides a special period – the…

Amendment to the Social Insurance Act and other acts, allowing postponement of contribution payment obligations

On 3 April 2020, the Slovak Parliament passed the Amendment to the Social Insurance Act, which amends the deferral of payment obligations of policyholders who report a drop in net turnover or a drop in income from business and other self-employment activities by 40% or more. Contributions for March 2020 are due by 31 July…