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Tax Alert: Changes in the Slovak taxation from 2020

The Ministry of Finance released into the legislative process the proposal of the amendment of the Income Taxes Act. A month ago the Ministry claimed that they are preparing a completely new Income Taxes Act, however, it seems they changed the opinion. The proposed law will have to be approved by the Slovak Parliament, nevertheless, we expect that the technical matters introduced by the amendment will not change. A positive news - we are in the pre-election year, thus, the amendment introduces mainly positive changes for taxpayers. And authors of the alert believe that this is not the end of good days for taxpayers and we expect a big competition during the legislative process how to further

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