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 on improving the clarity and transparency of the reported data, as well as on the preparation of simplified documentation. Detailed information is available in the Financial Bulletin (Contribution No. 23) on the Ministry’s website.
New Guidance on the Content of Transfer Pricing Documentation
The issuance of the new guidance on the content of transfer pricing documentation does not introduce significant changes. Taxpayers are still required to prepare documentation in either simplified, basic, or full form.
However, the method of preparing simplified documentation has changed. Under the new conditions, taxpayers who are required to prepare simplified transfer pricing documentation will no longer complete a separate annex to the guidance. Instead, they will only complete the updated version of Table I in the tax return.
When assessing which obligations must be fulfilled, the following comparison of the conditions under the new Guidance applies:
| Correct and Complete Reporting | Incorrect or Incomplete Reporting | |
| Form of transfer pricing documentation | Simplified documentation (without annex) | Simplified documentation (including annex) |
including | ||
| Form of reporting transactions with related parties | Table I of the tax return | Separate annex to the Guidance |
Effective Date of the New Guidance
The new guidance will first apply to transfer pricing documentation prepared for a tax period for which the deadline for filing the tax return expires after 31 December 2025.
This means that for a financial year overlapping into 2026, transfer pricing documentation must already be prepared in accordance with the new guidance.
Changes to the Tax Return Table
The revised version of Table I (Transactions with Related Parties) in the tax return focuses on reporting the following information in a structured format:
- exact type of transaction
- name of the counterparty to the controlled transaction
- registered seat of the counterparty to the controlled transaction
- value of the controlled transaction
The new version of the table has already been officially published and has the following structure:
| Transaction | Impact on line 100 or line 301 of the tax return form | Name of related party | Country code | |
| Number | Type* | |||
*The exact type of transaction is determined by the taxpayer according to the list provided in the instructions for completing the tax return.
The purpose of this change to the special table in the tax return is to reduce the administrative burden for a selected group of taxpayers and to improve the readability of the data for the Financial Administration. The reported data will also be used for risk analysis or automated comparisons in tax audits.
For all affected companies, this means one key requirement – detailed recording of all controlled transactions with related parties.
