In the current issue of Tax & Legal News we would like to draw your attention to the following highlights:
5 things you need to know about Deduction of investment expenses
The amendment of the Income Tax Act introduces a new provision to support investments with a higher added value, i. e. productive investments linked to Industry 4.0. We have prepared answers to 5 basic questions that interest our clients.
Can be a penalty for parking in breach of the regulations subject to VAT?
This question was analysed by the Court of Justice of the EU (CJEU) in case C-90/20 Apcoa Parking Danmark. Danish company operated car parks where besides parking fee also so called control fees for various breaches of parking conditions
Developments in EU social security legislation
While the pandemic situation is getting worse in many countries again, the work from home has never been such a hot topic. Complexity and administrative burdens have increased. Cross border mobility of employees often leads to lower levels of compliance. The compliance is complicated also due to different interpretations of various states.
Constitutional Court: The change to the Labour Code is suspended
On 15 December 2021, the Slovak Constitutional Court suspended the effective date of the provision of the Labour Code, which introduced a new reason for termination of employment. The legislation provision enables an employer to dismiss an employee based on his age.
Tax Authorities published template of Announcement on Reverse hybrid entity
The Income Tax Act introduces together with the rules for Reverse hybrid entity also new reporting obligation for Slovak tax non-residents.
Public tax reliability index
On 30 December 2021, criteria that allow to assess the reliability of taxpayers were published in the Collection of Laws. A new tool should improve motivation in proceeding with the tax authorities- meeting tax obligations becomes publicly available in this context.
Entry in the Register of Public Sector Partners when drawing First Aid contributions
Since January 2022, the conditions for drawing First Aid contributions have been updated with the obligation to register in the Register of Public Sector Partners when the prescribed drawing limits are exceeded
