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

Coalition demands the right of reply for politicians

Politicians ponder new provisions for the Press Code, Speaker of Parliament Danko wants to defend himself against op-eds too.

The ruling coalition (L-R: SNS-Andrej Danko, Smer-Robert Fico. Most-Híd-Béla Bugár).

Maya expert: The world we live in is not the only one possible

Leading Slovak expert contributes to rewriting Maya history.

Milan Kováč

Slovakia’s Pohoda wins two prestigious European festival awards

The festival organiser praised the awards and says they want to continue and improve the quality of the summer festival.

"They united us." - tribute to Ján Kuciak and Martina Kušnírová at Pohoda 2018.

Theresa May at least has the courage to try

May keeps her job because nobody else is capable, or willing, to take on the impossible task of Brexit.

Theresa May