Finances and Advisory, page 3
Investment and taxes in Slovakia
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.
This year’s Tax Freedom Day to fall on June 6
This year Slovaks need to work eight days longer compared with previous year.
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.
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.
NBS: Profits of Slovak banks to fall in next few years
Slovak households have been running into debt perhaps too quickly.
Slovaks get into debt mainly during Christmas period
People should be careful when taking out consumer loans, cautions national bank.
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.
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.
Revamped audit law to bring more transparent ledgers
The new law puts pressure on costs and conditions across the auditing market.
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.
Tax Cobra successful
Thanks to VAT ledger statements the number of tax inspections has dropped.
Tax licences to be scrapped
The measure should improve business environment in Slovakia, MPs claim.
New tax raises mixed emotions
The measure will impact rather Slovak firms.
Zuno bank leaves Slovakia
The departure will be gradual, with the bank muting its activities.
Some tax changes satisfy, others annoy
Cabinet reduces corporate tax and increases flat-rate expenses, but also introduces tax on dividends.
Slovakia is fourth worst in collection of VAT in EU
Only Romania, Lithuania and Malta are worse in collecting VAT than Slovakia.
Firms criticise planned tax package
The Finance Ministry defends the measures.
First draft 2017 budget released
Analysts remain sceptical of the plan.
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