Slovak Republic considers reinstating tax exemption on capital gains on private shares
The Slovak Republic government has approved Update No. 3 of the Action Plan for the National Strategy on Research, Development, and Innovation on 3 February 2025. This update also includes tax measures and is a part of the government Resolution
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Slovak Republic passes second amendment to financial transaction tax act
The Slovak Republic’s parliament has passed a second amendment to the Financial Transaction Tax Act, set to take effect on 1 April 2025. The amendment expands taxpayer exemptions to include schools, extends exemptions for attorneys and public
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Slovak Republic passes draft bill for DAC8 implementation
The Slovak Government has approved a draft bill to implement Council Directive (EU) 2023/2226 (DAC8), which introduces new reporting and due diligence rules for crypto-asset service providers. This follows after the Slovak Republic’s Ministry
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Slovak Republic: Parliament weighs cutting fuel and gas oil excise tax
The Slovak Republic’s Parliament has accepted a proposal to consider the draft bill amending the Excise Duty Law on Mineral Oil on 17 January 2025. The bill proposed lowering the excise duty on unleaded motor fuels (CN codes 2710 12 41, 2710 12
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Slovak Republic: Parliament considers corporate tax rate cuts, extension of loss carryforward period
The Slovak Parliament is reviewing proposed bills to lower corporate tax rates and extension of the loss carryforward limit in the country. One of the draft bills advocate reducing the corporate tax rate to 16% from the standard rate of 21% and
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Slovak Republic: Parliament considers restoring 20% VAT rate
The Slovak Parliament is reviewing four proposed amendments to the VAT Act. The first bill expands the 5% reduced VAT rate to include certain mixes and doughs for baked goods. The second bill extends the 5% rate to menstrual hygiene products like
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Slovak Republic: Parliament approves bill revising motor vehicle taxes
The Slovak Republic’s Parliament has passed a legislation amending the motor vehicle tax law on 27 November 2024. The changes include reduced annual tax rates for vehicles exceeding 3.5 tons and a unified approach to adjusting tax rates based
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Slovak Republic drafts bill for DAC9, Pillar Two global minimum amendments implementation
The Slovak Republic’s Ministry of Finance has announced plans to draft an amendment to Law No. 507/2023, enacted on 8 December 2023. This law partially implemented the Pillar Two global minimum tax in alignment with Council Directive (EU)
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Slovak Republic, Kyrgyzstan income tax treaty enters into force
The income tax treaty between Kyrgyzstan and the Slovak Republic is set to take effect on 1 March 2025. This agreement seeks to prevent double taxation and tax evasion. Withholding taxes are applied at rates of 5% on dividends, 10% on interest,
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Slovakia Republic announces new VAT rates for energy supplies
The Slovak Republic’s tax authority has released guidance on new VAT rates for energy supplies, effective from 1 January 2025. Under the guidance, the standard VAT rate will rise from 20% to 23%, and the reduced rate (including electricity)
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Slovak Republic issues guidance on financial transaction tax
The Slovak Republic’s tax authority has released a guide on the new Financial Transaction Tax (FTT) on 27 December 2024. It provides clarification concerning the "taxpayer" definition, exempt transactions, tax calculation, and reporting
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Slovak Republic tax authority introduces prefilled 2024 vehicle tax returns for certain taxpayers
The Slovak Republic’s tax authority has released a detailed document announcing the launch of a new service to prefill motor vehicle tax returns for 2024. The service is for taxpayers who use the tax authority's electronic mailbox and have
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EU Tax Observatory issues publishes paper on global minimum tax, profit shifting
The EU Tax Observatory has released a working paper titled Global Minimum Tax and Profit Shifting in October 2024 offering an in-depth analysis of tax data from the Slovak Republic. The findings suggest that the Pillar Two global minimum tax could
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Slovak Republic publishes guidance on VAT rate reduction for accommodation services
The Slovak Republic’s Financial Administration has released guidance detailing changes to the reduced VAT rate for accommodation services, which took effect on 1 January 2025. The guidance outlines how the new rate applies to advance payments,
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Brazil, Slovak Republic sign amending protocol to tax treaty
Representatives from Brazil and the Slovak Republic signed a protocol amending their 1986 income tax treaty on 10 December 2024. The treaty aims to avoid double taxation and prevent fiscal evasion over taxes and income between the two
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Slovak Republic: Parliament approves financial transaction tax amendment
The Slovak Republic Parliament has passed an amendment to the Financial Transactions Tax Act, which will take effect on 1 January 2025. The amendment introduces key changes to tax regulations, including clarifying and expanding exemptions,
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Moldova ratifies tax treaty protocol with Slovak Republic
Moldova published Decree No. 1676 of 3 December 2024 in the Official Gazette on 5 December 2024, enacting the law ratifying the amending protocol to the 2003 income and capital tax treaty with the Slovak Republic. The agreement between the Slovak
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Moldova: Parliament approves tax treaty protocol with Slovak Republic
Moldova’s parliament has passed a draft law for ratification of the amending protocol to the 2003 income and capital tax treaty with Moldova on 28 November 2024. The tax treaty between the Slovak Republic and Moldova shall prevent double
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