The criteria for determining the tax residence of a legal entity are specified Section 2(d) of the Income Tax Act defines a legal person to be a resident of Slovakia, provided that their registered office or place of effective management is located in the territory of the Slovak Republic. The term “registered office” is being…
Registration of taxpayers ex officio The registration and notification obligation related to the tax registration of taxpayers – natural and legal persons – ex officio is changing. After the registration of a taxpayer (e.g. a company) in the Register of Legal Persons, the deadline for automatic tax registration performed by the tax administration is postponed…
In October 2020, the government launched a project entitled First Aid Plus, which expanded the First Aid project. The aim of the new First Aid Plus project was to increase and extend financial assistance provided to protect jobs and to widen the scope of eligible applicants. As of February 2021, the First Aid Plus project…
On 27 January 2021, the Slovak government approved a draft amendment of Act No. 67/2020 on certain emergency measures in the financial area in relation to the spread of COVID-19 (also dubbed “Lex Corona”). The aim of the present amendment is to help taxpayers affected by the economic measures adopted during the pandemic by including…
On 27 January 2021, the Slovak government adopted a draft amendment of Act No. 67/2020 on certain emergency measures in the financial area in relation to the spread of COVID-19 (also dubbed “Lex Corona”). The aim of the present amendment is to include expenditure incurred for COVID‑19 testing in tax expenses and to alleviate the…
The amendment of the VAT Act valid from 1 July 2021 introduces a number of significant new features and changes. Distance selling of goods (currently referred to as “mail order sales”) The amendment of the VAT Act no longer uses the term “mail order sales”, replacing it with “distance selling of goods in the European…
Modification of the tax base for complete or partial non-payment of considerations for delivery of a good or service – §25a Under the new legislation, a payer may modify their tax base for the delivery of a good or service (for which they were obliged to pay tax) if their customer does not pay for…
On 29 September 2020, Act No. 264/2020 came into effect, amending Act No. 67/2020 Coll. on certain exceptional financial measures concerning the spread of the dangerous contagious human disease COVID-19 with the aim of repealing several measures. The adopted amendment puts an end to the pandemic period applied to specific financial measures. Changes are mainly…
OPII-MH/DP/2020/11,3-26 and 27 – Potential for tourism development Amount of grant: min: EUR 35 000, max: EUR 200 000 Eligible applicants: micro, small and medium-sized enterprises (SMEs) Deadlines: 30.11.2020 (LC, RS, SV), 26.02.2021 (LC, RS, PT, RA, SV, HE, ML) Grant %: Max. 85 % The call aimed at supporting the development of entrepreneurship of…
OPKZP-PO4-SC411-2020-63 – Increasing the share of renewable energy sources in the gross final energy consumption of the Slovak Republic Amount of grant: min: EUR 10 000, max: EUR 200000 Eligible applicants: SMEs large enterprises Deadlines: 30.10.2020, 13.12.2020 Grant %: SMEs 85 %, Large enterprise 75 % The aim of the call is to support projects…