Parliament passes the bill introducing Country by Country reporting

The bill imposes several obligations. From timing perspective, most relevant is the notification obligation. Every Slovak entity of the MNE with annual consolidated group revenue equal to or exceeding €750 million in the previous year has to notify the relevant tax office what is its status within the deadline for submission of the corporate income tax return. For the tax period ending 31 December 2016, the notification requirement ought to be accomplished not later than 31 March 2017, if deadline for filing of the corporate income tax return was not extended.

For more information please see our previous article: https://home.kpmg.com/content/dam/kpmg/sk/pdf/TaxNews/tax-and-legal-news-december-2016.pdf