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BUSINESS IN SHORT

New taxpayer rating

THE CHANGES to the laws necessary for implementing the new rating of taxpayers should be prepared by the end of July, according to the proposal to establish a system of evaluating tax subjects passed by the government. The new rating system should be launched at the beginning of next year, the SITA newswire reported on January 9.

THE CHANGES to the laws necessary for implementing the new rating of taxpayers should be prepared by the end of July, according to the proposal to establish a system of evaluating tax subjects passed by the government. The new rating system should be launched at the beginning of next year, the SITA newswire reported on January 9.

The new, independent rating of tax subjects is intended as a tool to support the voluntary fulfilment of tax duties and to increase legal certainty in business relations.

“It is a clarification of the conditions on the market,” Finance Minister Peter Kažimír told SITA at the end of last year, adding that the “tax rating should also indicate the financial condition of a company, its solvency”.

Moreover, the new rating might be one of the factors assessed in public procurements.

According to the prepared time schedule, the Financial Administration should prepare a comprehensive proposal for the whole structure and the criteria for the rating by the end of March. It is possible that the rating will assess the financial stability, tax responsibility and donations of firms, SITA wrote.

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