Amendments to the income tax law, that generally will be effective beginning in 2020, include new exemptions from tax regarding employment income and provide simplified employer obligations.
Among the items that are eligible for exemption employment income tax are:
Concerning the simplification measures regarding an employer´s obligations, the changes concern electronic documents for purposes such as annual tax settlements or the issuance of confirmations and allow rounding to two decimal places for all tax calculations.
Lastly, a tax exemption regarding income realized from the sale of securities after one year from their acquisition will apply only in situations when that one-year period lapsed from the shares’ admission to the regulated market. The purpose is to avoid speculative admission on the regulated market shortly before the sale.
Read an October 2019 report prepared by the KPMG member firm in Slovakia
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