Slovakia: Rules and reporting obligations, reverse hybrid entities
Filings by reverse hybrid entities that satisfy the conditions as of 31 December 2021 are due by 31 January 2022.
Rules and reporting obligations
Rules for reverse hybrid entities (effective 1 January 2022) include a new reporting obligation.
The reporting requirement applies to the following Slovak tax non-residents that have at least 50% direct or indirect shares of registered capital, voting rights or profit of a reverse hybrid entity:
- Partners of a partnership
- Unlimited partners of a limited partnership
- Recipients of income from subject with legal personality
- Recipients of income from subject without legal personality
The deadline for reporting by reverse hybrid entities is the end of the calendar month following the month during which an individual became partner of a partnership, unlimited partner of a limited partnership, or a recipient of income (provided other conditions are satisfied).
In accordance with transitional provisions, filings by reverse hybrid entities that satisfy the conditions as of 31 December 2021 are due by 31 January 2022.
Read a January 2022 report prepared by the KPMG member firm in Slovakia
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.