Non-cash deposits – an opportunity for significant tax optimisation in terms of both income tax and VAT?

The issue of non-monetary deposits from a tax perspective is shrouded in secrecy within the professional community. As there are no full-format answers to a number of fundamental questions, the panel discussion at the last methodological days of the Chamber of Tax Advisors was intended to remove these ambiguities. In addition to our partner Peter Varga, the panel also included members of the Chamber of Tax Advisors, representatives of the Ministry of Finance of the Slovak Republic and Matej Kačaljak.

The issue of non-monetary deposits is still a major challenge. In practice, it is possible to encounter a number of structures in which the taxpayer obtains a significant tax advantage, not only in the area of income tax, but also VAT. We therefore appreciate any efforts to clarify some of the outstanding positions. This is not only with regard to tax optimisation opportunities, but also with regard to absolutely neutral relationships that have not yet had completely clear tax and, in some cases, legal frameworks.

If you are interested in this topic, please do not hesitate to contact us:

• Peter Varga, e-mail: peter.varga@highgate.sk

For more on tax and in particular tax and levy optimisation, see this section of our website: tax and levy optimisation

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Alternatively, you can address your specific questions in a consultation with our partner Peter Varga, who specialises in financial regulation and tax law. You can book a consultation here: