Slovakia: Tax developments in response to COVID-19
General Information
This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).
The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.
Date accurate as of: 11 May 2020
Extension the filing deadline for income tax returns
- The deadline for filing income tax returns is moved to the end of the calendar month following the pandemic period. Income tax payments will also be due within the same deadline.
- It is also possible to extend the filing deadline for taxpayers for which the last day for filing falls within the pandemic period by 3 or 6 calendar months.
- The proposed Act only determines a special deadline for filing the tax return and the due date of the tax liability. All other obligations related to filing the tax return and the payment of tax, the method of filing the tax return, the persons obliged to file a tax return and similar matters remain applicable as governed by the Slovak income tax act (e.g. a new tax advance payment period will start on the day following the deadline for filing the tax return outlined in this provision).
- Extension of filing deadline for tax returns for all taxpayers from March 31, 2020 to June 30, 2020.
Tax losses
The taxpayers will be entitled to utilize tax losses reported in 2015 - 2018 tax periods which have not been utilized yet, in a maximum amount EUR 1 000 000 in the tax return due in 2020.
Refund of tax overpayment
The income tax overpayment declared in a tax return within the pandemic period will be refunded by the tax authorities by 40 days of end of calendar month in which the tax return was filed.
Value Added Tax (VAT):
Extension of deadline for VAT returns and payments on the basis of tax subject’s notice.
Income tax prepayments
The taxpayer whose revenues have decreased by min. 40% during the pandemic period (in comparison to the same month in the previous year) is not obliged to pay the income tax prepayments for the month following the month of revenues decrease. This procedure may be applied starting from May 2020.
Missed deadlines
The failure to meet deadlines during the pandemic period will be forgiven under the condition that the respective action will be made by the taxpayer by the end of the month following the end of the pandemic period at the latest. The forgiveness of missing deadlines does not cover the submission of tax returns, EU Sales List, VAT Ledger Statements (VAT reports) and payment of individual taxes and tax prepayments.
