The Slovak Republic’s government presented a draft bill to the Parliament, on 11 September 2024, to amend the Pillar Two global minimum tax rules enacted on 8 December 2023.
The proposed amendments cover financial accounting standards for calculating domestic minimum top-up tax and introducing a permanent safe harbour for non-material entities with modifications to the transitional country-by-country (CbC) reporting.
The amendments also include provisions from the OECD’s recent guidance, such as substance-based income exclusion and treatment of marketable transferable tax credits.
The amendments are expected to take effect on 31 December 2024.
