We provide tax-efficient, cost-driven solutions to managing and motivating an international work force. Our services range from remuneration planning and tax return completion, to obtaining work and residence permits and tax registration for your expatriates in Slovakia. PricewaterhouseCoopers' International Assignment Solutions team provides international tax advisory services specific to the needs of expatriates working in the Slovak Republic and Slovak nationals working abroad.
Immigration services
Key Services
- Arranging work permits for expatriates.
- Arranging long term residence visas for expatriates and their accompanying families.
- Post-arrival/pre-departure briefings
- Registration with the Slovak foreigners' police.
- Representation of expatriates on the basis of a Power of Attorney in dealings with the Slovak foreigners' police.
Individual tax and social security
Key Services
- Post-arrival/pre-departure meetings, including tax planning where appropriate
- Calculation of estimated Slovak tax liabilities for tax equalisation
- Tax registration with the Slovak tax authorities
- Representation of expatriates in dealings with the Slovak tax authorities
- Preparation of Slovak annual personal income tax returns
- Liaison with PricewaterhouseCoopers or other tax advisors in the home country with regard to home country tax compliance
- Social security and health insurance consultations
- Advice on permanent establishment issues
- Slovak permanent establishment tax registration
- Preparation of Slovak corporate tax returns for permanent establishments
- Tax planning
- Advice on application of double tax treaties and avoidance of double taxation
Employee share plans
Key Services
- Assistance with the review and ongoing maintenance of employee plans
- Providing advice and testing the viability of the share plan design
- Providing advice regarding the Slovak personal and corporate income tax consequences of share plan benefits
- Reviewing the Slovak health and social insurance treatment of share plans
- Assisting with share plan implementation
- Developing materials to communicate the benefits and operation of the plan to your employees
- Assisting with plan administration and training of local plan administrators
- Providing tax and legal due diligence for share plans
- Working with PricewaterhouseCoopers accounting specialists to assure the proper bookkeeping of the costs of share plans
- Co-ordination of advice on the international tax aspects of share plans
Workforce cost management
Key Services
- Quantification of current workforce cost
- Review of the cost of benefits currently being provided to employees, such as company cars, pension insurance, accommodation, training, the use of sporting facilities, etc.
- Identification of policy, tax and social security issues
- Design and implementation of a remuneration structure that will address the tax deductibility of the costs for the employer, the taxability of the income for the employee, and the internal procedures and administration.
- Quantification of the savings that would result from our recommended remuneration structure
- Implementation of the plan
- Creation of communication materials about the plan for your employees
- Assistance with plan administration
- Project supervision and maintenance
Payroll services
Key Services
- Monthly calculation of salary tax advances and compulsory social security and health insurance contributions
- Preparation of the necessary details for the company's financial accounting, including the allocation of expenses to different cost centres
- Preparation of bank transfers for social and health insurance, personal income tax, and liability insurance against work-related injuries
- Preparation of bank orders to transfer employees' net salaries directly to their bank accounts
- Preparation of payroll slips for each individual employee as part of a computerised payroll system
- The handling of routine communications with the Social Security Office, Health Insurance Offices, and Financial Offices, including initial registrations
- Preparation of necessary documents (i.e., confirmation of employment, confirmation of income, and payment of income tax for the current calendar year) and filing of these documents with the relevant authorities for employees who cease their employment with the company
- A confirmation of income for the payment of child benefits and other social contributions paid from the state budget, as requested by the employee
- Preparation of annual tax reconciliations after the year end.
