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Changes in VAT legislation effective from 1 January 2017

In the current edition of the Indirect Tax Alert, we provide you with an overview of the major changes to the Slovak VAT Law which was recently adopted and will become effective from 1 January 2017. The current edition contains information on a draft law postponing the mandatory activation of electronic mailboxes for communication with the public until 1 July 2017.

Amendment to the Income Tax Act effective from 1 January 2017

Tax and Legal Alert, November 2016, edition 5 Our current newsletter contains information about changes related to the most recent amendment to the Income Tax Act with effect from 01.01.2017. The amendment was adopted by the National Council on 23 November 2016. The amendment is currently awaiting the President’s signature and publication in the Journal of Laws.

Companies with the most effective human capital management recognised at the Leading HR Organisation 2016 awards

PwC announced the winners of the fifth Leading HR Organisation competition, which rewards firms with the most effective HR management and best practice in staff management in Slovakia.

PwC Slovakia is the largest consulting firm in Slovakia for the fourth year running

PwC Slovakia retained its position as the largest consulting firm on the Slovak market for the fourth year running according to TREND, the economy & business weekly. With revenues of more than EUR 47 million in 2015, the firm recorded 15% growth year-on-year.

PwC launches its startup accelerator program in Warsaw

Warsaw, 12th September 2016. – PwC announced the opening of Startup Collider, a new initiative for nurturing and promoting the Central and Eastern European startups. PwC will provide the startups with a workspace within PwC network, a mansion for their accommodation during the acceleration program, highly qualified dedicated mentors and provide a shorter route to market.

FY16 global revenues rise to record US$35.9 billion as PwC looks to future

The PwC network reported total global gross revenues of US$35.9 billion for the fiscal year ended on 30 June 2016. At constant exchange rates (local currency), PwC's total global revenues rose by over 7%. Overall PwC’s global headcount grew by over 7% to more than 223,000 people.

Tax technology maturity curve short survey

In line with the Tax Function of the Future series PwC developed a short survey to quickly assess where your tax function falls on the Tax Function Maturity Curve. Where do you rank? For more information please contact Dagmar Haklová, tel: +421 2 59350 619

European Commission finds that Ireland has granted unlawful State aid to Apple

Tax and Legal Alert, September 2016, Issue 4 Recently the European Commission (EC) announced in the news the adoption of its final decision in the formal State aid investigation into the profit attribution arrangements and corporate taxation of Apple in Ireland. It has concluded that, in its opinion, Apple benefitted from unlawful State aid granted by Ireland, and it orders full recovery of the aid in an amount of up to €13 billion plus compound interest.

London ranks top in PwC Cities of Opportunity Index, followed by Singapore and Toronto

Study assesses social and economic health of 30 leading cities: • European cities – London, Paris, Amsterdam – make a strong showing in biennial PwC study • Economic clout, ease of doing business, education, technology readiness, location and access, amongst key measures • London performance underlines strengths and potential areas for competition post Brexit • City risk resilience and tax profiles assessed

The EU referendum

The UK public have voted to leave the EU which will have significant implications for businesses. Our experts are here to help you navigate the aftermath of the result and you can find links to our related thought leadership and expert opinion here. 

A world of differences: five shifts set to shape the entertainment and media future

As entertainment and media companies seek to tap into pockets of growth and value in an increasingly complex and competitive global marketplace, surging demand from young consumers is opening up fresh areas of opportunity for incumbents and new entrants alike.

New PwC Partner - Asif Khoja

Asif Nazir Khoja was appointed as an Assurance Partner at PwC from 1 July 2016 and will continue to be based at the Bratislava office. He will be the lead partner for US multinational clients in Slovakia and the CEE region. Asif will continue to share his US GAAP / GAAS knowledge and insights to drive business and quality in the CEE region.

Most of the automotive suppliers in Slovakia expect revenues to grow this year

A lack of skilled labour is already seen as a potential limiting factor to achieve growth targets. It is more difficult to succeed in this industry – as much as 77% of respondents plan to improve overall effectivity of production in the near future. According to Slovak Automotive Suppliers Survey 2016.

Slovak CEO survey 2016

CEOs in Slovak companies expressed how they see the growth of their companies over the coming years and which factors threaten the future of their business in Slovak CEO survey 2016 conducted by PwC and Forbes.

Payments used to be one of the industries least vulnerable to disruption. In a FinTech flooded world, this is no longer the case.

Payments used to be one of the industries least vulnerable to disruption. In a FinTech flooded world, this is no longer the case.

Compared to Western European companies, Czech and Slovak companies underestimate the importance and benefits of digital technologies to future revenue

How do top managers manage investments in digital technologies so they contribute to the sustainable development of companies? Since 2007, PwC’s Digital IQ Survey has asked this question. The survey examines the practices and performance of global companies drawn from the experience of almost 2,000 executives from 51 countries. The study analyses 25 factors and we have selected the main conclusions applicable to the Slovak and Czech markets.

One third of Slovak managers has experienced economic crime

In Slovakia more than one third (34%) of respondents has experienced one or more incidents of economic crime in the past 24 months. Economic crime continues to be a serious issue affecting organisations worldwide, across Central & Eastern Europe and in Slovakia.

Slovakia in Figures

"Slovakia in Figures" is a brochure prepared by AmCham Slovakia, in cooperation with ECENTER. The brochure provides concise information why Slovakia is a great country for doing business with PwC's tax information.

Driving Value: 2015 Automotive M&A Insights

PwC presents annual review of mergers and acquisition activity and key trends impacting the global automotive industry. In this edition we look at the status of global deal activity among motor vehicle manufacturers, suppliers, financiers, and other related sectors, key trends that impacted the deal market in 2015, transaction activity by sector and region. The issue also provides our perspective on the journey ahead.

PwC CEE successfully reviewed asset quality of 5 banks in Bulgaria

PwC has successfully finished one of its largest projects in the financial sector within the CEE region. The Asset Quality Review (AQR) in Bulgaria involved also several consultants from the Slovak and Czech advisory team, who were supervising methodology, project quality assurance, data integrity valuation and collective provisioning.