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MARCH 2014
Fresh tax, legal and economic information
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In the March issue includes:
Increased rate of withholding tax
Income tax advance payments
Not To be Missed
MANDAT CONSULTING, k.s., Nám. SNP 15, 811 01 Bratislava, www.mandat.sk
MARCH 2014
INCREASED RATE OF WITHHOLDING TAX
With effect from 1 March 2014, the amendment to the Act on Income Tax
introduced a definition of Taxpayer of a Non-Contracting Country. It
denotes a taxpayer, who is subject to an increased 35% rate of withholding
tax and/or secured tax. This is a taxpayer who does not have permanent
residence or registered office in any country listed in an official list published
on the website of the Ministry of Finance (the so-called “White list”):
http://www.finance.gov.sk/Default.aspx?CatID=6523&NewsID=1
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This list contains 64 countries with which the Slovak Republic has concluded
an international double taxation agreement or international agreement on
the exchange of information relating to taxes. International agreements,
which will enter into force at a later date, are not included in the list.
If a taxpayer receives income from a country which is not on the list of the
Ministry of Finance of the Slovak Republic, his/her income from sources in
the Slovak Republic will be subject to stricter taxation regime than in the
case of a taxpayer who is resident or established in a listed country.
Martin Šiagi
e-mail: [email protected]
Tel.: +421 2 571042-14
Tax withheld and paid must be notified by taxpayers on a form, the template
of which is published on the website of the Financial Administration of the
Slovak Republic, within a period identical with the period applicable for
withholding and paying the tax.
https://www.financnasprava.sk/_img/pfsedit/Dokumenty_PFS/V
zory_vydane_FRSR/2014/OZN43-v1-4.pdf
At the time of publication of this newsletter, the notification is not yet
available on the website of Financial Administration of the Slovak Republic in
electronic form.
This notification, pursuant to the applicable legislation, contains also
personal data on the natural person; specifically his/her name, address and
date of birth.
MANDAT CONSULTING, k.s., Nám. SNP 15, 811 01 Bratislava, www.mandat.sk
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MARCH 2014
NOT TO BE MISSED
Income tax advance payments
We remind you that 30 April 2014 is the deadline for settling the
difference between corporate income tax advance payments and
the result of calculation pursuant to the tax return for 2013, if
advances paid for January-March 2014 are lower than the
calculated amount.
The amendment to the Act on Income Tax effective from 1 January 2014
changed the limit for paying income tax advances. The amount of tax for
the preceding taxation period decisive for paying monthly tax advances is
adjusted from EUR 16,596.96 to EUR 16,600. At the same time, the lower
limit for paying quarterly advances for income tax increased from EUR
1,659.70 to EUR 2,500. This means that if a tax for the preceding taxation
period exceeded EUR 2,500 and did not exceed EUR 16,600, the taxpayer
pays quarterly tax advance payments, if the tax for the preceding taxation
period exceeded EUR 16,600, the taxpayer pays monthly tax advance
payments. No tax advances are to be paid by a taxpayer whose tax for the
previous taxation period did not exceed EUR 2,500.
Robert Jex
e-mail: [email protected]
Tel.: +421 2 571042-13
Important Dates
Overview of important dates in the period from March 2014 to April 2014
can be found on our website: http://www.mandat.sk/.
MANDAT CONSULTING, k.s., Nám. SNP 15, 811 01 Bratislava, www.mandat.sk
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MARCH 2014
ABOUT US
The companies MANDAT CONSULTING, k.s. and MANDAT AUDIT,
s.r.o. were founded in 2004 as tax advisory and auditing companies. Since
their establishment, they have been providing small, medium-sized and
companies active in Slovakia with services in the field of tax consultancy,
audit and accounting. Long-lasting cooperation with foreign advisory
companies hand in hand with the competence of Slovakian tax advisors and
auditors enables us rendering our service to the clients originated from
abroad.
In present time, 41 well trained members of our staff are at the disposal to
our clients.
Information provided in this material are only of a cursory nature. MANDAT
CONSULTING, k.s. assumes no liability for any decision taken on the basis
of this issue.
Should you wish to add other person to be receiving MANDAT news,
please contact: [email protected]
Please contact us, should you require additional information.
MANDAT CONSULTING, k.s., Nám. SNP 15, 811 01 Bratislava, www.mandat.sk
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