The Slovak Parliament voted to repeal a special tax levy that was imposed on supermarket chains, in response to a determination from the European Commission.
In late 2018, the Slovak Parliament overrode a presidential veto and effectively introduced the special levy on supermarket chains. The levy required payment of an amount of 2.5% of the net turnover of a supermarket chain. The European Commission in April 2019 opened its investigation into the tax on the food retail sector in Slovakia because of concerns that certain exemptions from the tax would afford some retailers a selective advantage over their competitors, in breach of EU state aid rules. Read TaxNewsFlash
The Slovak Parliament responded by voting to repeal the special levy on supermarket chains. Following the repeal of this special levy, because of a provision of the Slovak income tax law, there are rules for the tax treatment of any amounts of the special levy imposed supermarket chains and paid before 4 April 2019.
Read an April 2019 report prepared by the KPMG member firm in Slovakia
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