Boundaries are blurring and distances are becoming more relative.
IT business is perhaps most affected by the increasing globalisation and positive technological developments.
A Slovak IT company today does not have to limit itself to the small Slovak market at all.
The provision of IT services does not even need to be done from one fixed location.
The online space thus brings new tax issues and challenges.
The aim of the conference is to introduce IT companies to legal and legitimate forms of optimizing their tax burden.
While in 2004, after Miklos’ tax reform, the income tax law had just over 30,000 words, today it is about three times more.
While the number of words in the law may seem like a meaningless statistic at first glance, the more complicated the law is, the more opportunities it provides for tax optimisation.
More words bring more exemptions, more complications and more complexities, which, when set up correctly, can legitimately save taxpayers relevant funds as well as protect assets.
This event is designed not only for established small and medium-sized IT companies, but also for “one-person sops”.
Its content will include:
- What is tax optimisation, where is it used and what options are available?
- Use of Patent Box (more favourable taxation of software income) in Slovakia;
- Taxes and deductions for ESOPs (employee stock and option plans), can this be set up more efficiently?
- How to scale business effectively beyond Slovakia’s borders?
Problems with double taxation; - Work from “Bali” (digital nomad) or office in Singapore (IT firm)?
- Transfer pricing – what are the restrictions on contracts between a company and its partners?
- Invoice-based employment – how to legally and tax-efficiently pay remuneration to contractors?
- Investor’s entry – taxation of the sale of the company;
- Is tax optimisation legal?
Is it moral?
What types of tax optimization are already illegal? - What are the experiences with tax setups in IT companies and practical challenges (e.g.: banks)?