BUSINESS IN SHORT

Tax amnesty possible

THE MINISTRY of Finance is considering the possibility of a tax amnesty, among several measures designed to increase the efficiency of tax collection in Slovakia. Some other EU members have implemented a similar measure in the past.

THE MINISTRY of Finance is considering the possibility of a tax amnesty, among several measures designed to increase the efficiency of tax collection in Slovakia. Some other EU members have implemented a similar measure in the past.

A tax amnesty could generate increased revenue for the state budget and lead to a return of capital from abroad as well as reveal sources of income that were previously unknown to the tax administration.

“The measure would prevent tax avoidance in the future and increase protection of the competitiveness of honest businesses,” said the ministry, in the National Programme of Reforms that it submitted for interdepartmental review, as quoted by the SITA newswire.

The Finance Ministry lists the possibility of a tax amnesty among other measures by the government designed to increase the efficiency of tax collection.

In the second and third phase of the action plan to combat tax evasion the government wants to introduce an obligation to submit data on the domestic supply of goods and services to tax authorities electronically, SITA wrote.

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

Will Volkswagen Bratislava win production of new models within the group?

VW Slovakia is boosting efficiency by 30 percent.

Car production in Volkswagen Slovakia.

No more queues? Foreigners' Police have introduced online booking system

The system is offered by 12 Foreigners' Police departments across Slovakia.

People standing in front of the Foreigners Police Department in Bratislava.

Blog: What about parking slots for “brains”?

Will the state of biomedical research trigger reactions at least half as passionate as Bratislava's parking policy?

Illustrative stock photo

Surprising testimony tests the quality of Kuciak’s murder investigation

Miroslav Marček confessed that he was not just the driver but shot Ján Kuciak to death.

The police officer in Veľká Mača at the site of Kuciak and Kušnírová's murder.