Slovak Republic – Tax law amendments proposed

Recently, a governmental package of proposed amendments to tax law was submitted to the parliament. The changes are proposed to become effective from 1 January 2017, unless otherwise specified below. To become law, they must be approved by the parliament and signed by the President.

The main VAT proposed changes are summarized below.

The introduction of an interest payment in favour of a taxable person in the case a VAT refund is postponed for more than 6 months due to a tax inspection. The taxable person should receive the interest payment for each day of delay after the end of the 6-month period. The interest rate should be double that of the basic interest rate of the European Central Bank and not lower than 1.5%.


Comments are closed.