Spectator on facebook

Spectator on facebook

Plans announced to make tax returns simpler

The Slovak Finance Ministry is planning several changes to the Income Tax Act, which it says are intended to decrease the administrative burden on local businesspeople. One of the changes should be to simplify tax returns, which will also affect individual taxpayers, the TASR newswire wrote on Tuesday, May 28.

The Slovak Finance Ministry is planning several changes to the Income Tax Act, which it says are intended to decrease the administrative burden on local businesspeople. One of the changes should be to simplify tax returns, which will also affect individual taxpayers, the TASR newswire wrote on Tuesday, May 28.

Finance Minister Peter Kažimír announced that his ministry wants to scrap the duty to report cash payments, and raise the limit above which there is a duty to pay quarterly advance tax payments for companies from the current €1,659.70 to €2,500.00, unifying it with the limit for individuals. This will effectively mean that fewer companies will have to make quarterly advance payments. The ministry also intends to introduce a binding stance on taxes – enabling all companies and businesspeople to ask for an interpretation of directives regulating income tax, value added tax, and excise tax. However, this service will be a paid one, and the fees may be substantial.

Source: TASR

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

Top stories

Former Kaliňák deputy to become interior minister

The ruling Smer chooses Denisa Saková as the replacement for Tomáš Drucker. Her name creates concern among transparency watchdogs.

Denisa Saková

Bahraini journalist: You cannot build a real public opinion without journalism

In 2011, Nazeeha Saeed was beaten and tortured by authorities for covering pro-democracy protests. Now, she’s fighting back.

Nazeeha Saeed

Fifth carmaker in Slovakia?

Cabinet gave the industrial park in Haniska the statute of strategic investment

The developed rail infrastructure in Haniska has helped to the launch of the industrial park.

Nová Cvernovka: Artists mortgaged their property, became managers Photo

Photographer Šymon Kliman comments on his cooperation with the self-governing region and what they have planned for the future.

Leading personalities of Nadácia Cvernovka foundation: account manager Braňo Čavoj, director Vilo Csino and photographer Šymon Kliman. Designer Boris Meluš is not in the photo.