During the summer break, we have summarized the most important updates and information regarding international taxation and developments in double taxation treaties. Below is a brief overview on this topic: ◻ Update to the Double Taxation Treaty between Slovakia and Brazil The double taxation treaty between the Slovak Republic and Brazil has recently been updated…
We are pleased to announce that we have become a partner of the international organization IBFD! Through the involvement of our Slovak firm, Moore BDR, in the global Moore network, we have the opportunity to participate in a wide range of exciting projects and collaborations. As a consulting company, we are also dedicated to sharing…
The Financial Directorate of the Slovak Republic has published the Information on the exemption of income from the sale of shares and capital shares under the provisions of Section 13c of Act No. 595/2003 Coll. on Income Tax. This provision may be applied upon the subject of conditions – to selected legal entities or permanent…
Trade in goods between the Slovak Republic and other EU Member States as well as third countries is subject to a strict statistical reporting obligation in Slovakia – Intrastat reporting on the receipt and dispatch of goods. Considering that data from statistical surveys are used by various business and non-business associations to obtain information about…
Amendment of the Act No. 530/2023 Coll., which amends certain acts in connection with the improvement of the state of public finances, it should not be forgotten that there is a new obligation for legal entities for the tax period 2024 in the form of – minimum tax of a legal entity. As the minimum…
We would like to announce that we have become certified accountants of the ERP system Odoo! We have been using Odoo in our company for some time now and we are very satisfied with its performance and efficiency. Odoo is a software system that enables the entire management of business processes from sales to accounting. We have…
The latest Amendment to the Income Tax Act introduced several substantial changes in transfer pricing area in Slovakia. The most of changes have come into effect from 1 January 2023. In addition, the Slovak Ministry of Finance announced updated guidelines defining the contents of transfer pricing documentation. The changes which will start to apply from…
On December 1, 2022, the government approved significant aid for entrepreneurs concerning the ever-increasing energy prices. The state capped electricity prices at EUR 199 per MW/h and gas prices at EUR 99 per MW/h. Entrepreneurs (fulfilling the specifed conditions) will be reimbursed up to 80 % of the amount above the established threshold for August…
Airbnb hosts and renters using similar platforms, drivers driving for Bolt or Uber but also other digital platforms providers will no longer hide from the Tax Office since January 2023. The amendment to Act No. 442/2012 will come into force and digital platforms will have to provide information about their customers to the Tax Office…
Has your business been affected by the COVID-19 pandemic? It may also have an impact on your transfer pricing. Companies have been experiencing fluctuations in revenues and cash flows and facing forced closures during the pandemic. On the other hand, certain segments and companies have strengthened their position significantly. Many countries have intervened and provided…