Government approved a series of tax laws

The government approved a series of tax laws on Wednesday. The new Act on Tax Authority FS will increase the wages of FS employees by €15m in 2019, introduce new electronic services, and increase the number of tax audits. The approved revision to the VAT Act abolishes the duty to pledge collateral when registering as a VAT payer, and simplifies the process of returning VAT to tourists. As of July 2019, all cash registers must connect online to FS servers. This should reduce tax evasion. The new Act on Tax Disputes Resolution aims to prevent double taxation and make it easier to settle tax disputes.

(teraz.sk)