Slovakia: Proposals to support businesses (COVID-19)

Businesses in Slovakia that were economically affected by the coronavirus (COVID-19) pandemic

Businesses in Slovakia that were economically affected by the coronavirus pandemic

Legislative proposals aim to support businesses in Slovakia that were economically affected by the coronavirus (COVID-19) pandemic.

Certain support measures for businesses have been postponed until 1 March 2022 (from January 2022). One legislative amendment would provide benefits to establishments that:

  • Were closed due to the tightening of anti-pandemic measures at the end of November 2021
  • Have a decrease in sales of more than 40%
  • Employ less than 50 employees

Read a December 2021 report prepared by the KPMG member firm in Slovakia
 

Separately, the Ministry of Economy submitted a bill that aims to reduce the excessive regulatory burden on businesses. The new measures have a proposed effective date of 1 May 2022. Measures in the legislation would address:

  • Changes in bookkeeping
  • Acceleration of the process of eliminating defects in the Commercial Register
  • Changes in the conclusion of contracts by leasing companies
  • A change in the creation of tax policy in the municipality
  • Occupational safety health and sole-proprietorship companies
  • Changes in energy law

Read a December 2021 report prepared by the KPMG member firm in Slovakia

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.