On 24 February 2021, the Slovak Republic has published Regulation No. 88/2021 regarding the relief of late payment interest and penalties in response to the Covid-19 pandemic. Regulation No. 88/2021 entered into force on 26 February 2021. The tax relief measures are as follows:
- the regulation provides waivers from late payment interest, that became due during the period 12 March 2020 to 31 December 2020, provided that payment is made by 30 June 2021;
- the regulation provides waivers from late return filing penalties where the standard deadline expired during the period 12 March 2020 to 31 December 2020, provided that the filing is made by 30 June 2021; and
- the regulation provides waivers from penalties for stating a tax overpayment in tax returns filed from 1 January 2020 to 30 September 2020 that is higher than the overpayment that should have been stated, provided that the taxpayer reimburses the difference.
