Moldova: Cabinet of Ministers approve ratification of amending tax treaty protocol with Slovak Republic
Moldova's Cabinet of Ministers approved ratification of the protocol to the 2003 tax treaty with the Slovak Republic on 13 November 2024. The protocol marks the first amendment to the treaty, incorporating changes that align it with BEPS and
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Slovak Republic considers abolishing financial transaction tax
The Slovak Republic’s Parliament has agreed to consider a draft bill to abolish the financial transaction tax (FTT), on 6 November 2024, due to its negative impact on businesses and potential conflicts with the country’s Constitution and
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Slovak Republic issues guidance on reintroduced minimum tax
The Slovak Republic Financial Administration released Document No. 13/PO/2024/IM, offering guidance on paying minimum tax or tax licences on 28 October 2024. The Slovak Republic has reinstated the obligation for companies to pay a minimum tax
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Slovak Republic issues tax return form for sugary beverages
The Slovak Republic Ministry of Finance released the tax return form and the related instructions for the new tax on sweetened soft drinks, effective 1 January 2025. Earlier, the Slovakian Parliament enacted the Sugar Tax Act targeting sweetened
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Slovak Republic gazettes bill amending corporate tax and VAT, and bill introducing financial transaction tax
The Slovak Republic has gazetted the bill that amends various tax laws, including corporate tax and VAT rate changes, and the bill enacting the financial transaction tax. The bills are aimed at improving the country’s public finances. The
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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 introduces new VAT scheme, registration thresholds for small businesses
The Slovak Republic published Law of 24 April 2024 on Amendments to the VAT Law in the Official Gazette on Friday, 17 May, 2024. The law outlines implementing a new VAT scheme for small businesses under Council Directive (EU) 2020/285 of 18
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Slovak Republic consults public regarding draft bill to tax sugary beverages
The Slovak Republic’s Ministry of Finance has proposed a draft bill for public consultation on taxing sugary beverages and drinks with sweeteners. The tax on sweetened soft drinks (TSSD) is classified as an indirect tax on consumption. This
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Slovak Republic: Parliament passes new VAT plan for small businesses
The Slovak Parliament, on Wednesday, 24 April, 2024, passed amendments to the VAT Law. These changes include the implementation of Council Directive (EU) 2020/285 of 18 February 2020, which introduces a new VAT scheme for small
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Slovakia parliament passes law to implement pillar two global minimum tax
On 8 December 2023, the Slovak Parliament approved legislation to enforce a top-up tax to ensure minimum taxation for large local entities and multinational groups. The legislation aligns with the OECD Pillar Two and the EU global minimum tax
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