So this is another bombshell 💣 mass reporting to the financial administration

So this is another bomb 💣 Bulk filing at the Financial Services (FS) will be streamlined from 5,000 clicks to 25 clicks🤯 Every accountant/payroll clerk is stressed as the filing deadline approaches. From the VAT return, to the Control Statement, the Summary Statement and the Reports. Just out of curiosity, I did the math on […]

Czech Republic has the first DLT infrastructure permit in the EU

The Czech Republic has the first DLT infrastructure licence in the EU. This is a big deal (see also my status for context: https://bit.ly/4h62w3B). The Czech depository will thus be the first in the EU to enable tokenization of selected financial instruments in the EU in a recognizable and predictable way. There is already a […]

TRANSACTIONAL ADVISORY SERVICES TO GENESIS GROWTH EQUITY FUND

TRANSACTION ADVISORY FOR GENESIS GROWTH EQUITY FUND We provided comprehensive transaction advisory services to Genesis Growth Equity Fund on the acquisition of an 80% stake in the Slovak company TechPlasty (a major Slovak producer of technical plastics). Our advice included: ✅ legal and tax due diligence of the target company; ✅ advising on negotiating the […]

How to avoid financial transaction tax for companies and entrepreneurs

How to avoid the tax on financial transactions for companies and entrepreneurs After the approval of the consolidation package, many Slovaks are wondering how to get rid of this senseless tax. I confess, I was in the same position. 👺 I’m tempted to think about how to get around the whole thing 👼🏽 always guides […]

Podcast with Ivan Mikloš about the 2003 tax reform

Podcast with Ivan Miklos about the 2003 tax reform. A substantive debate also on the pitfalls and shortcomings of the current setup. Judge for yourself. In 2025, a company with taxable income of, say, €500,000 and a profit of €200,000 would have to pay income tax of €42,000. However, if it were to ‘split’ into […]

Government Consolidation Package 2024

Government’s 2024 consolidation package – two preliminary observations: 1) “employment” of sole traders/”one-person SROs” (“contractors”) The state has announced that it will fight against “employment” of contractors. However, like last year (I wrote more here: https://lnkd.in/ekwhPBJQ), this year it is doing exactly the opposite. It favors contractors over employees: changes starting in 2025 (simplified): 🚩 […]

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