In September 2025, The Slovak Parliament approved the 3rd consolidation package with the aim of further increasing state budget revenues to cover public debt. These consolidation measures underwent an accelerated approval process. The measures will take effect on January 1, 2026. We bring you an overview of significant measures that will primarily affect employees and…
The Slovak Republic has adopted an amendment to the Securities and Investment Services Act in connection with the establishment of a European Single Access Point (ESAP), which provides centralized access to publicly available information on financial services, capital markets and sustainability. The mandatory disclosure of crypto-assets for payment and investment purposes is related to the…
The summer months were a time of several brief legal changes that have an impact on employment and income taxation as well as contributions to the state budget. Below we summarise for you a current overview of the brief changes. You can find out more about other amendments to the tax and business environment on…
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…