Instruction No. 38 stipulates repayment of contributions on new jobs (which were created by the end of 1993) and were funded from the state budget, if the conditions were not met.
Taxation of income from the sale of a company
The Ministry of Finance published Measure No. 40 to prevent discrepancies on selling a company. The Measure stipulates, for example, a tax base determination on selling a company or its part as well as taxation of the income of legal entities and individuals.
Depreciation of assets owned by municipalities
Announcement No. 41 specifies depreciation procedures concerning tangible and intangible assets which are owned by municipalities.
Personal income tax
Announcement No. 42 relating to so-called millionaire tax determines the tables for calculating personal income tax from dependent activities and emolument of functionaries.
Double tax treaties
The following announcements on enforcing double tax treaties were published:
- Announcement No. 43 on enforcing the Slovak-Russian Tax Treaty;
- Announcement No. 44 on enforcing the Slovak-Swiss Tax Treaty.
The announcements stipulate the dates on which these treaties will come into effect and they contain basic rules for avoiding double taxation under these treaties.
The information in this newsletter is correct to the best of our knowledge and belief at the time of going to press. Specific advice should be sought, however, before investment and other decisions are made.
For further information contact Mr Frank Walsh on +421 7 5340 545 Email directly on Click Contact Link