The European Anti Tax Avoidance Directive (ATAD) was issued in 2016. It tackles some of the Action Points which were included in the OECD’s BEPS (Base Erosion and Profit Shifting) Action Plan. Generally, Member States shall implement the ATAD until 01 January 2019. A further development is ATAD II, which was issued in 2017 and…
In recent years (perhaps decades), tax law as a specific, and it must be added fiscally very important, part of public law, has been experiencing strong legislative pressure from the outside. This is mainly at the initiative of EU or OECD institutions, whose efforts are determining the direction of tax systems not only in the…
We would like to let you know about the consequences of the recent amendment of Act No. 530/2003 on the Commercial Register and on amendment of certain acts entering into force on 1 November 2018 which requires the following be entered into the Commercial Register (i) the identification details of the beneficial owner of a legal entity, which…
Sme radi, že i vďaka nám sa hendikepované deti sa mohli naučiť nové zručnosti na workšopoch ako latinoamerické zumba tance, maľovanie na tvár, ozdobovanie sádrových odliatkov, enkaustiku – maľovanie horúcim voskom na papier, pedig – prútikárstvo, streľbu z kuše a luku, razenie mincí, výrobu šperkov z kovu a doplnkov z kože.
On 20 June 2018, the National Council of the Slovak Republic passed an Act on insurance tax effective of 1 January 2019. The new insurance tax will have a flat-rate basis of 8 % and apply to all non-life insurance products, with the exception of mandatory contractual insurance where the existing 8% payment remains in…
The Financial Administration of the Slovak Republic has prepared a project enabling an online connection of all cash registers to the “eKasa” portal run by the Financial Administration. In practice, it means that the Financial Administration will be informed about each transaction immediately after each issued receipt is registered with the central eKasa disposal site.…
As of 1 July 2018, the obligatory electronic communication with the Financial Administration has been extended to include all physical persons – entrepreneurs. The obligation to communicate electronically as of 1 July 2018 will only apply to the physical persons who are the entrepreneurs registered for income tax pursuant to Art. 49a of Act no.…
On 3 July 2018, the OECD issued a proposal to amend the OECD guideline on financial transactions. The provisions in question are anticipated to shed more light on the means of pricing, e.g., intragroup loans, guarantees, and cash pooling. Special attention is paid to the real content of a transaction and the issue of concealed…
Presently, it is obligatory that a company which is not registered in the Register of Public Sector Partners (RPSP) identifies its advantage end user (hereafter only as AEU). Having amended Act no. 297/2008 Coll. on the Prevention of Legalization of Proceeds of Criminal Activity and Terrorist Financing, as amended, (hereafter only as the “AML Act”)…
The Ministry of Finance of the Slovak Republic put forward a proposal for a due provisional opinion on the draft guideline by the Council that determines the rules for taxation on the income of the legal persons with significant digital presence. The aim of the draft guideline is to ensure just and effective taxation on…