Finances and Advisory, page 3

Investment and taxes in Slovakia

František Imrecze, director of the Financial Administration

MPs approved exchange of information

The parliament transposed the EU regulation, whose aim is to secure comprehensive and effective administrative collaboration between tax administrations via mandatory automatic exchange of information.

Paying taxes.

This year’s Tax Freedom Day to fall on June 6

This year Slovaks need to work eight days longer compared with previous year.

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Highest growth for Real estate taxes in Slovakia since 2013

Towns and villages increase real estate taxes by 2.33 percent on average in 2017.

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731 people went bankrupt last year

The number is expected to increase this year, particularly due to new rules.

State hikes some taxes and levies

Affected firms consider turning to legal action.

The National Bank of Slovakia

NBS: Profits of Slovak banks to fall in next few years

Slovak households have been running into debt perhaps too quickly.

Christmas in Bratislava

Slovaks get into debt mainly during Christmas period

People should be careful when taking out consumer loans, cautions national bank.

Andrej Babiš, Czech prime minister

Babiš remains richest man of Slovak origin

Though the ranking of the richest Slovaks partly changed in comparison with 2015, mainly thanks to the IT businessmen, the top positions remain stable.

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Profits of banks increase at record high rate

Their incomes were impacted by the sale of shares of payment card issuer Visa Europe.

Another non-banking firm leaves Slovakia

The clients of Pohotovosť will still have to repay loans.

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Revamped audit law to bring more transparent ledgers

The new law puts pressure on costs and conditions across the auditing market.

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Stricter control of auditors

The law introduces also mandatory rotation of auditing firms and the so-called blacklist of activities auditors and audit companies cannot do, like accountancy or valuation.

František Imrecze, director of the Financial Administration

Tax Cobra successful

Thanks to VAT ledger statements the number of tax inspections has dropped.

Most-Híd MP Gábor Gál

Tax licences to be scrapped

The measure should improve business environment in Slovakia, MPs claim.

Companies will soon have to pay a new tax.

New tax raises mixed emotions

The measure will impact rather Slovak firms.

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Zuno bank leaves Slovakia

The departure will be gradual, with the bank muting its activities.

Finance Minister Peter Kažimír (r) and other ministers at the cabinet session.

Some tax changes satisfy, others annoy

Cabinet reduces corporate tax and increases flat-rate expenses, but also introduces tax on dividends.

Slovakia looses VAT also on smuggled cigarettes.

Slovakia is fourth worst in collection of VAT in EU

Only Romania, Lithuania and Malta are worse in collecting VAT than Slovakia.

Finance Minister Peter Kažimír

Firms criticise planned tax package

The Finance Ministry defends the measures.

Finance Minister Peter Kažimír

First draft 2017 budget released

Analysts remain sceptical of the plan.

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