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Chapter 4

Taxation of Businesses

General

The Slovak tax system comprises the following taxes:

Income taxes (personal income tax, corporate income tax) value added tax (VAT) excise duties real estate tax motor vehicles tax municipal taxes.

Inheritance and gift tax was abolished with effect from 1 January 2004. Real estate transfer tax was abolished with effect from 1 January 2005. Road tax was replaced by motor vehicle tax with effect from 1 January 2005.

Residency

Legal entities that are seated in Slovakia or whose place of effective management is seated in Slovakia are generally regarded as tax resident and liable to pay Slovak corporate income tax.

For residency of individuals, see Chapter 5.

Registration

Under the Act on Administration of Taxes, a taxpayer should register with the tax authorities within 30 days after obtaining permission to conduct business in Slovakia. Further, a taxpayer should notify the tax authorities of changes in registration within 15 days following the day when such changes arise.

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©2010 KPMG Slovensko spol. s r.o. , a Slovak limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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