Guidance on Withholding Tax on Software Payments

The Ministry of Finance of the Slovak Republic issued new and important guidance to ensure a uniform approach when assessing the taxation of income of non-resident taxpayers from computer software. This methodological guidance introduces a significant change in the assessment and taxation of software payments made by Slovak payers to foreign taxpayers. Below we summarise…

Amendments to the Act on Protection Against Money Laundering (AML)

The Slovak Parliament approved a government bill amending and supplementing the Act on Protection Against Money Laundering and Terrorist Financing (AML). The amendment addresses deficiencies in Slovak legislation identified by the Committee of Experts of the Council of Europe on the Evaluation of Anti-Money Laundering Measures. The previous legislation showed significant deficiencies in the identification…

Case study: Victoria’s Secret. How to Connect Accounting, Digitalization and the Odoo ERP System When Expanding into a New Market

About the Client SF1 Clips helps international brands such as Victoria’s Secret, Pandora, and Nespresso enter the markets of Central and Eastern Europe. Their business model is flexible and adapts to the specific needs of each brand, while at the same time requiring a unified approach to process management across countries. When expanding into new…