• Service: Tax, Global Indirect Tax, International Tax
  • Type: Regulatory update
  • Date: 6/25/2014

Slovakia - Tax audits and appropriate taxpayer considerations 

June 25:  Tax professionals in Slovakia report there has been a tendency of the tax authorities to impose “preliminary measures” during routine tax audits.

Current practice reveals that with routine tax audits, the tax authorities typically impose a preliminary measure before closing a tax audit when an additional tax assessment is likely, and that one popular form of such preliminary measure may be a ban on disposing of certain fixed assets or a ban on disposing of funds in an amount of the expected additional tax assessment.

Depending on its form, extent, and duration, a preliminary measure by the tax authorities could significantly adversely affect a taxpayer’s business. Therefore, prudent taxpayers would consider, in a timely manner, appropriate steps that could be used to counter a proposed preliminary measure. If there are no legal grounds for imposing a preliminary measure, court proceedings can be brought to revoke it and awards for damages caused by the preliminary measure may be sought.

Read a June 2014 report prepared by the KPMG member firm in Slovakia: Tax and Legal News (June 2014)

Other topics discussed in the KPMG report include:

  • Consumer loans
  • Draft of income tax return forms for 2014
  • Double taxation avoidance treaty with Kuwait
  • Act on the short-term lease of apartments
  • Act on the acquisition of agricultural land
  • Labor Code Amendment regarding work performed outside of formal employment
  • Draft amendment to the VAT Act (sent for a second reading)
  • New regional aid intensity ceilings effective from 1 July 2014

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