Transfer pricing rules have been implemented in Slovak legislation before 2001; however, it has become a hot topic in Slovakia only during past years. Since January 1st, 2015 obligation to keep transfer pricing documentation has applied not only to foreign related parties but to domestic related parties as well.
We would like to draw your attention to the very interesting judgement of the European Court of Justice (hereinafter the „ECJ“) on tax matters, which was decided during April 2018. The ECJ dealt with the case of a Romanian company that required the VAT refund for transactions relating to a tax period that has already been the subject of a tax inspection which has concluded. Below we are giving you a more detailed description of the situation.
We have decided to cooperate on long-term with the Horský park Foundation, whose main objective is to protect the forest park in the heart of the capital city, Bratislava, and to cultivate the relationship of people to nature through the creation of the Horáreň community center.
With the aim to ensure that digital business activities are taxed in the country of the user, Member States are now starting to seek unilateral solutions how to capture business models that can make profit from digital services in a country without being physically present. Slovakia is doing the same; starting from 1 January 2018 the definition of permanent establishment is broader and thus, profits of foreign operators arising from Slovakia from certain digital activities are taxable.
In March 2018, we have invited a several primary school classes into our office, so they could learn from our experts in a playful way about the interesting world of money, which sometimes could be complicated even for adults.