New short form of transfer pricing documentation

In December 2018, the Ministry of Finance of the Slovak Republic issued an amendment to the Guidelines, which modifies the requirements for the content of transfer documentation. This guideline introduced several new features that are important to be aware of in connection with the preparation of transfer documentation. In the first part of our “mini-series” […]

Exemption from the documentation obligation

In December 2018, the Ministry of Finance of the Slovak Republic issued an amendment to the guidelines, which regulates the requirements for the content of transfer documentation. The most basic changes brought about by this guidance are described in the previous article as well as the content obligations for individual types of transfer documentation. The […]

New guidance on the content of transfer pricing documentation (criteria for preparation of documentation, materiality of transactions) – PART 1

In December 2018, the Ministry of Finance of the Slovak Republic issued an amendment to the guidelines, which regulates the requirements for the content of transfer documentation. This change can be seen as positive from an administrative point of view, but it did not significantly relax the obligations for tax entities trading with related parties. […]

Intra-group services with low added value – TRANSFER VALUATION

One of the most common types of controlled transactions between dependants is services. In practice, these can be a wide range of intra-group services that are provided within a group of dependants. These services may be provided as a core part of the dependent’s business but may also be in the nature of ancillary services […]

How tax havens were born

This article is part of a series of articles on tax havens, the use of which to reduce tax and levy liability, protect ownership and its anonymity is very attractive for some business entities. Today, when the tax burden e.g. in Slovakia is not in line with the basic principle of taxation, which is tax […]

Tax Freedom Day or how much time do you spend on others?

Have you heard of the term Tax Freedom Day? It is not a holiday or a day during which any tax is remitted. Each year, Tax Freedom Day determines how many days out of the calendar year we work for the state and how many we work only for ourselves. How much of our income […]

Interpretation of double taxation treaties

Double taxation treaties now affect anyone whose income is related to more than two sovereign states. If, for example, an individual works abroad but is a citizen of the Slovak Republic or a company is registered in Slovakia but also has income from abroad, how is this income taxed and where? These questions are answered […]