On January 30th, 2015 the Supreme Court issued a resolution (case file III CZP 34/14), which settled the legal issue raised by the First President of the Supreme Court concerning the possibility of registering joint improper commercial proxy in NCR
We would like to draw your attention to the approved amendment on the Act No. 513/1991 Coll. the Commercial Code through the Act No. 87/2015 Coll. published in the Collection of Laws that introduces many important changes – mainly in terms of strengthening of the position of creditors and responsibilities when doing business. Please find below the overview of the most crucial changes that may influence also your business activity in Slovakia
So-called institute of partial tax audit protocol will become effective as of July 1st, 2015 in Slovakia. Based on this institute the Slovak Tax Office will be entitled to issue the partial protocol and repay a part of the excess deduction to the tax payer even before the tax audit will be completed.
This year we would like to draw your attention to the statutory duty connected with the end of the accounting period. The financial statements for the respective accounting period, i.e. for the year 2014, shall be submitted to the competent body of the company (usually the general meeting) in order to be approved within the period of 6 months following the end of the accounting period.
According to the amended tax rules adopted at the end of 2014, the section of the Tax Code of Ukraine related to the procedure for calculating income tax is presented in a fundamentally new version. Instead the previously used procedure for separate tax accounting fundamentally new procedure was introduced where the object of taxation shall be the financial result before taxation adjusted for the tax difference provided by the Tax Code.
Economic activity conducted by entrepreneur from one country on the territory of other country often causes doubts concerning settlement of tax. In this area the double taxation avoidance agreements have a material impact. To find out more about it read our most recent NewsFlash.
The Amendment to the Health Insurance Act that came into force as of May 1st, 2015. The main aim of the amendment is to eliminate the most common problems occurring in the practice. The amendment introduced an extension of insured persons who are entitled to the full health care, change on requirements and usage of insurance cards and new obligation of health insurance company to deal also with the objections against a statement of arrears without any justification.
We would like to draw your attention to the Act No. 307/2014 Coll., on certain measures related to the reporting of anti-social activities that came into force in Slovakia as of January 1st, 2015. The Act on reporting of anti-social activities (also called as Act on whistle-blowing) introduced unified conditions in connection to the whistle-blowing in Slovakia. Companies employing more than 50 employees have to meet new conditions introduced by the Act not later than on June 30th, 2015.