EU accession has had a major impact on VAT legislation and practice in the Slovak Republic. It has made a complicated situation even more complex. Tax rates, VAT law and VAT systems differ in each Member State. This complex area requires expert advice to ensure that you are maximizing the cost effectiveness of your business. It is essential to monitor and manage VAT costs and to ensure that you comply with all the relevant legislation. Our indirect tax team can help you to streamline your operations to minimize VAT and administrative costs and provide you with the skill and foresight that you need to manage your VAT, rather than just paying it.
Although EU membership has greatly simplified the intra-Community customs procedures for international trade, many new rules and regulations governing trade outside the EU now apply to the Slovak Republic. Non-compliance with these rules can lead to severe financial consequences such as penalties for late payment of excise duties or incorrectly applied customs tariffs, or being unable to recover import VAT. PwC' customs and excise team provides you with the help and advice you need on legislation and the correct application of customs and excise duties and tariffs.
AAE Ahaus Alstätter Eisenbahn AG - European Rail Freightcar Leasing
Kirsten Trost, Treasurer
"The tax team at PwC Bratislava has provided for a number of years a very efficient and effective 13th EU Directive refund service for AAE.But, this year we were faced with a customer problem related to withholding tax that could possible cost our company a lot of money and administration.The tax team at PwC reacted quickly to our request and was able to provide us with credible and understandable advise that solved our problem and which our customer was also able to use. It was useful that the advise was able to be provided quickly without too many formalities standing in the way. And, I was especially impressed with the way that the team shared knowledge of our company in order that we did not have to bring an advisor in a different area of the team up to speed on our business. The people that we work with are friendly and professional and genuinely interested in solving problems. The fast reaction had a lot to do with our maintaining and improving our working relationship with our customer showing them that we could offer solutions to more than just their freightcar needs."