Kyrgyzstan: Parliament approves ratification of tax treaty with Slovak Republic
The parliament of Kyrgyzstan approved the bill ratifying its income tax treaty with the Slovak Republic on 23 October 2024. Earlier, The Slovak Republic had ratified the 2024 Kyrgyzstan—Slovak Republic Income Tax Treaty on 2 October 2024
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Slovak Republic approves corporate tax and VAT rate changes, introduces financial transaction tax
The Slovak Republic government enacted a bill on 18 October 2024 to improve the state’s public finances by amending several tax measures and introducing a new financial transaction tax. Corporate tax rates The corporate tax rate has been
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Slovak Republic presents draft bill to amend Pillar Two rules
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
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Slovak Republic to amend anti-money laundering law
The Slovak Republic Parliament agreed to review the government's proposed draft bill, which seeks to amend the Anti-Money Laundering (AML) Law, on 4 October 2024. These amendments aim to address the European Commission's concerns regarding the
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Slovak Republic gazettes bill to tax sugary beverages
The Slovak Republic gazetted a new bill, “Act on Tax”, which imposes a sugar tax on sweetened soft drinks. The bill will take effect on 1 January 2025. The Slovak President signed the bill on 20 September 2024, and it was officially
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Slovak Republic: Parliament rejects plan to shorten property capital gains tax exemption to three years
The Slovak Republic parliament rejected a draft bill that proposed income tax exemptions on capital gains from the sale of immovable property for individuals and a suggestion to reduce the minimum holding period to three years. Earlier, on 16
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Slovak Republic: New bill redefines virtual currencies
The Slovak Republic has enacted a bill to align the Slovak legislation as per the Markets in Crypto-Assets (MiCA) Regulation (2023/1114). The bill pertains to certain obligations and authorisations in the field of crypto active and amending
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Slovak Republic, Kyrgyzstan ratify income tax treaty
The Slovak Republic announced on 2 October 2024 that it had completed the ratification of the 2024 Kyrgyzstan—Slovak Republic Income Tax Treaty. This tax treaty is the first between the two countries to prevent double taxation and tax
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Slovak Republic passes bill to introduce financial transaction tax, amends VAT, income tax and other tax rates
Slovak Republic’s parliament passed a government bill on 3 October 2024 introducing a new tax on financial transactions and amending several acts, including VAT and income tax rates. The key details of the bills are as follows: Financial
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Slovak Republic enacts sugar tax, targets sweetened nonalcoholic beverages
The Slovakian Parliament enacted the Act on Tax (sugar tax) targeting sweetened nonalcoholic beverages on 11 September 2024. This follows after the Slovak Republic’s Ministry of Finance initiated a public consultation on draft legislation in
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Slovak Republic approves draft bill with tax measures
The Slovak Republic government approved a draft legislation on 18 September 2024 amending various tax measures to consolidate the country's public finances. Taxation of high-income groups: The main changes include increased special levies for
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Slovak Republic, Moldova sign protocol to tax treaty
Moldovan and Slovak Republic officials convened in Bratislava to sign a protocol amending the current treaty between the two countries regarding income and property taxation. The announcement was made by The Slovak Ministry of Finance on 10
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Slovak Republic approves draft bill to revise motor vehicle taxes
The government of the Slovak Republic approved a draft bill amending the Law on Motor Vehicle Tax, which includes two important changes: Reduction of Annual Tax Rates: The bill proposes a reduction in the annual tax rates for vehicles weighing
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Slovak Republic plans to extend excise duty exemption for small renewable energy producers
The Slovak Republic Parliament has agreed to consider a draft bill that amends the Law on Excise Duty on Electricity, on 22 August 2024, addressing the regulations concerning electricity generated from renewable sources by small energy
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Slovak Republic proposes new tax rules for bad debt deductions
The Slovak parliament approved a draft bill on 23 August 2024 for consideration that proposes amendments to the Income Tax Act. The amendments address the rules for tax-deductible provisions concerning bad debts. As per the proposed amendments,
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Slovak Republic considers extending solidarity contribution for oil, gas sectors
Slovak Republic parliament has accepted a draft bill for consideration proposing to extend the temporary solidarity contribution on the crude petroleum, natural gas, coal, and refinery sectors. Originally set to apply to profits from fiscal years
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Slovak Republic approves tax treaty amendment with Moldova
The Slovak Republic government approved signing an amendment to the 2003 tax treaty with Moldova on 21 August 2024. The tax treaty between the Slovak Republic and Moldova was intended to prevent double taxation and tax evasion in the field of
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Slovak Republic proposes three-year property capital gains tax exemption
Slovak Republic’s parliament is considering a draft bill to amend the Income Tax Act concerning capital gains tax exemptions on the sale of immovable property for individuals. This proposed legislation aims to reduce the minimum holding period for
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