As part of the implementation of measures to combat tax fraud and prevent VAT evasion, Slovakia has adopted an amendment to the VAT Act introducing new conditions for the registration of a VAT group by the tax authority. These conditions apply from 1 January 2026. The new legislation focuses on entrepreneurs operating through multiple companies…
Based on data from the Statistical Office of the Slovak Republic, the condition for increasing the basic compensation for the use of motor vehicles during business trips was met in October 2025. Therefore, the Ministry of Labour of the Slovak Republic is increasing the basic reimbursement rate for the use of motor vehicles. Basic Reimbursement…
During the approval process of the Act on the Registration of Sales, the parliamentary committee added a significant increase in sanctions and fines for breaches of tax obligations to the draft legislation. As of the new year, new penalty limits apply for failure to fulfil basic tax obligations under the Tax Code. These conditions apply…
The amendment to the Motor Vehicle Tax Act approved in 2025, has introduced several legislative changes concerning tax rates, likewise the method of calculating the tax, vehicle classification, and conditions for exemptions. Below is a brief overview to help you understand your tax obligations at the beginning of the year. Changes in the Method of…
The Ministry of Finance of the Slovak Republic has updated the rules for reporting transactions with related parties and issued new guidance on determining the content of transfer pricing documentation. Also, the new guidance also amends an important part of the corporate income tax return, specifically Table I (Transactions with Related Parties). The changes focus…
The Ministry of Labour, Social Affairs and Family of the Slovak Republic has published Announcement No. 280/2025 Coll., which sets new meal allowance amounts for employees depending on the duration of a business trip. The new amounts will enter into force on 1 December 2025. This change results from the fulfilment of the condition for…
Parliament has approved another amendment to the Slovak Bank Transaction Tax Act. The purpose of this amendment is to incorporate several changes related to the abolition of this tax for selected groups – self-employed (entrepreneurs) – upon fulfilment of specific conditions. We present below a summary of the key information contained in this amendment. All…
At the beginning of August, the OECD published a report stating that the first 15 countries had signed the Multilateral Competent Authority Agreement on the Exchange of Information (GIR MCAA). This agreement arises from an international initiative that established global tax rules and the regulatory framework known as Pillar II. The Slovak Republic is among…
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…
In May of this year, the National Council of the Slovak Republic approved an amendment to the Income Tax Act, which modifies the current rules on the depreciation of selected assets. The purpose of this amendment is to introduce preferential treatment for certain types of assets based on their utilisation. Below, we provide detailed information…