On 18 March 2020, the Financial Administration of the Slovak Republic announced that in cooperation with the Ministry of Finance of the Slovak Republic, are preparing proposals for legislative changes in order to mitigate the impact of coronavirus on taxpayers.

Already prepared and approved is the measure of Government Regulation of the Slovak Republic no. 48/2020 Coll., which states that all legal and natural persons can file their income tax return (the last day of the deadline for filing is 31 March 2020, 30 April 2020 or 31 May 2020) and pay the tax without any notification until 30 June 2020 and without any sanction.

Another approved measure under this Government Regulation is that the Financial Administration will not impose sanctions for late reporting and withholding of tax for 2019 within the prescribed deadline by 31 March 2020 if this obligation is met by 30 June 2020.

The Financial Administration in cooperation with the Ministry of Finance sees the need for further measures and has therefore announced a series of other changes in an effort to help its taxpayers. For this purpose, a working group was set up by the Minister of Finance, which is looking for all legal solutions to alleviate the current situation. The Financial Administration notes that many amendments require a change in legislation, which must be approved by the government and parliament. For this reason, it is recommended to follow current events.

Conclusion:

We are constantly monitoring the situation and we will inform about new facts as soon as possible. If you have any questions or requests, please do not hesitate to contact the VGD SLOVAKIA s.r.o. For more information, click on our website, Facebook or Linked-In. We would also like to take note of other articles on the COVID-19 pandemic. More about its impact on labour law can be found HERE. Information on its impact on contractual relations is available HERE.

Disclaimer: The information provided to the Client is up to date as of 18.03.2020, it is for informational purposes only and does not replace any legal service pursuant to Act No. 586/2003 Coll. on Advocacy. VGD Slovakia s.r.o. does not assume liability for the completeness and accuracy of the information referred to in the paper. In case of questions about the information provided to the Client, the customer may ask VGD Slovakia s.r.o. for provision of legal services for this purpose.