How to Legally Avoid the Transaction Tax? A Solution That Saves Companies Up to 80%

Is it possible to legally avoid the transaction tax without a foreign bank account, cash, or complicated corporate structures?

In the new episode of Highgate Talks, we explain how companies can use electronic mail-order vouchers—which the law excludes from the scope of the transaction tax—by structuring their payments appropriately. This is precisely the principle on which the Transakcio.sk platform operates.

The guests on this episode are Peter Šebo, founder of the Transakcio.sk platform and Founder & Chief Digital Officer of PS: Digital, and Martin Markovič, Chief Financial Officer of PS: Digital.
The interview is moderated by Peter Varga, a partner at Highgate Group.

In this podcast, you’ll learn:

• how payments via electronic money orders work,
• why processing them might take just a few seconds longer,
• how the cost of the transaction tax can be reduced by 30 to 80 percent based on the payment structure,
• how much the service costs and for which companies it might be beneficial,
• whether it is possible to use this method to make payments to employees as well,
• where is the line between legal tax optimization and abuse of the law,
• Why did the shortcomings of the law create an opening for such a solution?

Peter Varga also explains the legal reasoning on the basis of which the use of electronic mail-in coupons may be a justifiable practice, and points out why the mere existence of a legal option does not necessarily mean that it cannot be abused.

🔗 Learn more about the solution: https://transakcio.sk/

Subscribe and follow along with more practical legal, tax, and business topics on Highgate Talks.