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