Tax amendments becoming effective 1.1.2018

The government has not disappointed us neither this year, and by the end of the year they have approved several changes in tax legislation effective from 1.1.2018.

Download our tax alerts below with the overview of the most significant changes brought by the amendments to the Slovak Income tax, Value Added Tax and Tax Code.

Amendment to Act No. 595/2003 Coll. on Income Tax

New introduced definitions, Exit tax, Business combination, Patent box, Super deduction of R&D costs, Hybrid mismatches, Rules for controlled foreign companies "CFC" Rules, Divided income, Participation Exemption, Taxation of income for provision of certain services

Amendment to Act No. 222/2004 Coll. on Value Added Tax 

The amendment to the VAT Act focuses on areas where application practice required the need to modify the existing VAT rules and also to areas that needed to be aligned with the European Court of Justice's case-law on VAT

The amendment to the Tax Code significantly reforms the institute of tax secrecy to ensure international tax cooperation in the tax area and to remove barriers in providing information in the fight against tax evasion and frauds.

Amendment to the Act No. 563/2009 Coll. on Tax Administration (Tax Code)

The amendment introduces a long awaited institute of the tax reliability index for taxpayers, including special tax regimes for reliable tax entities, which should be motivational and preventive

Shall you have any questions about these changes, we are more than happy to answer.