The Slovak government has initiated a significant policy reversal, directing the Finance Ministry to draft legislation to scrap the country’s disputed financial transaction tax. Originally established as part of a wider fiscal consolidation framework, the levy applied a 0.4 percent charge on standard business debit transfers, creating substantial compliance friction for commercial entities, holding structures, […]
It is good to return to a home country. Once in a while. It is also good to be able to leave. I have just spent 10 days in my beloved Slovakia, with my parents and sister experienced one of the most peaceful and beautiful Christmas that I remember. Yes, time works wonders, a person […]
The Slovak government has passed on 18 September 2024 a law on a new tax – Financial Transaction Tax. If approved by the Parliament, as it is expected, it will be effective from April 2025 and it will apply to both legal persons and natural persons who are entrepreneurs/sole traders. Essentially, the transaction tax will […]
