Slovakia: Amendment to Financial Transactions Tax Act approved by Parliament
Amendment is scheduled to become effective January 1, 2025.
Parliament has approved an amendment to the Financial Transactions Tax Act, which is scheduled to become effective on January 1, 2025. Read TaxNewsFlash
The amendment includes the following changes:
- Expanded scope of persons who will not be taxpayers
- Clarification of exemptions from the subject of the tax and their extension
- Application of a maximum tax of €40 per transaction only to those recharged costs that the taxpayer can clearly identify according to individual transactions
- Obligation to notify the tax collector if a person is not a taxpayer
- Obligation to notify the tax collector of a special account from which financial transactions that are not subject to tax will be carried out
- Several other clarifications and additions
Read a December 2024 report prepared by the KPMG member firm in Slovakia