The legislative bodies of Slovakia has issued a bill amending Act No. 442/2012 Coll. on international assistance and cooperation in tax administration that introduces the country-by-country (CbC) reporting obligation in Slovakia. The draft legislation closely follows the recommendations of the OECD BEPS project. The proposed amendments are given below:
Main corporate tax rate: As per the proposed amendments to tax law, the corporate income tax rate will be reduced from 22% to 21% and was proposed to be effective from 1 January, 2017.
APAs: As per the proposed amendments to the tax law, the fee for applying for a unilateral APA is to be set at EUR 10,000. The fee for bilateral and multilateral APAs will be set at EUR 30,000.
