Recently, the administrative courts as well as the Supreme Administrative Court of the Slovak Republic have issued several judgments dealing with the assessment of transfer pricing of the manufacturing companies. These judgments bring new insights…
The Council of the European Union approves a revised list of non-cooperative jurisdictions for tax purposes. Following the meeting, one country was removed from the blacklist. At the same time, no other countries were added to the list.
Last month’s tax and legal news in brief.
In certain cases, the taxpayer is obliged to interrupt the tax depreciation. However, did you know that the Slovak Income Tax Act also states the interruption of the application of tax depreciation of tangible assets as a voluntary option?
The Court of Justice of the EU (CJEU) released judgement C‑171/23 UP CAFFE which is dealing with the question, whether establishment of new company with the aim to maintain the benefit of the status of small enterprise in respect of an activity…
On 25 October 2024, Act on financial transactions tax was published in the Collection of Laws, which is supposed to be one of the tools for the consolidation of public finances. Since the expert discussion could only take place during and after the…
National Council approved amendments to legislation only 16 days of presentation of a plan for the consolidation of public finances by the representatives of Government of the Slovak Republic.
The German Ministry of Finance has published a draft of revised administrative transfer pricing principles on intra-group financing. It clarifies for taxpayers the fundamental changes in the legislation and modifies certain provisions to partially…
Fuel rules for the use of plug-in hybrid vehicles have been specific problems for a long time. Taxpayers are interested in which fuel costs are tax deductible when consuming two different types of fuel.
The President signed Act on sweetened non-alcoholic beverages tax which will be effective from 1 January 2025. Depending on the type of sweetened non-alcoholic beverage, the tax rates are determined in the range from EUR 0.15/liter to EUR 8.60…
EU Court of Justice released a decision dealing with a supermarket chain, that inflated the prices of grocery items before offering price reductions and displayed fake discounts.
At a press conference held on 17 September 2024, the representatives of Government of the Slovak Republic presented a plan for the consolidation of public finances.