Tax & Legal Alert

Learn about the latest changes in the Slovak tax legislation

Latest changes in the Slovak tax legislation

VAT news and changes

Indirect Tax Alert, October 2016, Issue 5 The current Indirect Tax Alert contains information on important upcoming changes to control statement reporting and activation of electronic mailboxes for legal entities for electronic communication with Slovak public authorities. Please also note the recent judgments of European Court of Justice No C-516/14 Barlis 06 – Investimentos Imobiliários e Turísticos SA on the content of invoices and case No C-518/14 Senatex GmbH related to the retrospective correction of invoices in relation to the right to deduct VAT.

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.

News and changes to the VAT law and Administration Act

Indirect Tax Alert, August 2016, Issue 4 In this Indirect Tax Alert, we provide an overview of proposed amendments to the VAT Act and Administration Act which are currently going through the legislative process. The proposed amendment of the VAT Act would introduce a reverse-charge mechanism on the import of goods, specifies the rules of VAT deduction for foreign entities and introduces interest on unpaid VAT refund payments. To increase the efficiency of tax proceedings, the proposed amendment of the Administration Act regulates preliminary measures, regulates objection proceedings and introduces a new instrument of shortened assessment proceeding, the so-called assessment order. Find out more

EU countries reach political agreement on Anti-Tax Avoidance Directive

Tax and Legal Alert, July 2016, Issue 3, The EU-28 Finance Ministers reached political agreement on 21 June 2016 on the Council Directive laying down rules against tax avoidance practices that directly affect the functioning of the internal market (also known as ATAD). ATAD was approved by the Council on 12 July 2016. Key provisions in the ATAD: deductibility of interest, rules for exit taxation, a general anti-abuse rule, CFC rules and rules addressing mismatches between Member States arising due to hybrid entities or hybrid instruments.

The filing of electronic customs declarations will no longer be an option, but an obligation

Indirect Tax Alert, June 2016, Issue 3 As of 1 May 2016, a new Union Customs Code came into force. The basic principles of customs procedures remain unaffected by the new customs legislation, i.e. goods imported from non-EU countries and exported back to these countries are still subject to customs clearance. However, there are several changes, some of which are fundamental, related to new benefits and the tightening of certain rules.

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Todd Bradshaw
Country Managing Partner
Tel: +421 2 59350 600

Christiana Serugová
Partner, Tax Leader
Tel: +421 2 59 350 614

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