Spectator on facebook

Spectator on facebook

One year after: VAT bill causes confusion

SLOVAKIA’s Value Added Tax (VAT) regulation system is insufficient, according to Branislav Ďurajka of the KPMG audit corporation, the Hospodárske noviny business daily reported.

Ďurajka said that after being in effect for one year, and being the subject of a major amendment in January, the bill regulating VAT is complicated and confusing.

As the bill is put into practice, insufficiencies and ambiguities are starting to float to the surface. "On several occasions, these make it very difficult for VAT payers to claim back the right sums, sometimes its even impossible," said Juraj Ontko, manager of indirect taxation at auditors Ernst & Young.

The tax office directorate issues instructions on how to claim back VAT on its website.

Compiled by Magdalena MacLeod from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Heavy rains flood the Tatras Video

People had to be evacuated and several hiking routes had to be closed.

Stará Lesná

Trump plays with the world like a spoiled child

The White House is now broadcasting its most spectacular soap opera, beating and overcoming those of sundry leaders from different continents and different times.

Donald Trump

Last Week in Slovakia: People marched for LGBTI rights in Bratislava Audio

Listen to all the headlines from The Slovak Spectator's news podcast.

Rainbow Pride in Bratislava

Government has no plans to officially commemorate the victims of the 1968 invasion of Czechoslovakia

Presidents of the Slovak and Czech Republics will take a train ride to mark the founding of the Czechoslovak State.

Law Faculty of Comenius University in Šafárikovo Square, where the civilian killings by foreign armies on August 21, 1968, were most concentrated.