Copyright  © 1994 - 2019    Symsite Research         All rights reserved.

Major revision to the Income Tax Act

08.12.2017

Parliament passed a major revision to the Income Tax Act on Thursday. It includes provisions against aggressive tax planning. Slovak athletes and artists not residing in Slovakia will pay Slovak income taxes. MPs did not approve a provision that would force individuals who own shell companies abroad pay taxes in Slovakia, though. The revision defines digital platforms with the aim of ensuring that sharing economy firms such as Uber and Airbnb pay taxes in Slovakia on their Slovak activities. It changes the state subsidy for young people taking mortgages from an interest rate deduction to an income tax bonus totaling 50% of the interest rates paid, up to €400 annually. It introduces a €50 tax bonus for clients of Slovak spa facilities. Occasional income up to €500 a month will no longer be exempt from income tax. It exempts royalties on patents and software from income taxes. It introduces a 21% tax rate on capital gains upon leaving the country, if a company leaves Slovakia and moves its assets abroad. It outlines new rules for transfer pricing. 200% of spending on research instead of the current 125% will be tax deductible.

 

(dennikN.sk)

Please reload

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

MultiplexDX obtained a €3.5m grant from EU

09.12.2019

MultiplexDX (Pavol Čekan and Vladimír Wolf) obtained a €3.5m grant from the European Innovation Council that has allocated €278m to 75 European and gl...

Slovakia has the 15th most complex economy in the world

09.12.2019

Slovakia has the 15th most complex economy in the world in terms of diversity and sophistication of its exports, according to Harvard University’s Eco...

MultiplexDX získala 3,5 mil. € grant od EÚ

09.12.2019

Firma MultiplexDX (Pavol Čekan a Vladimír Wolf) získala 3,5 mil. € grant od Európskej rady pre inovácie. Tá spolu rozdelila 278 mil. € medzi 75 európs...

1/5
Please reload