{"id":241840,"date":"2023-12-29T19:31:00","date_gmt":"2023-12-29T18:31:00","guid":{"rendered":"https:\/\/highgate.sk\/peter-varga-on-financial-regulation-and-taxes-at-ta3-conference-on-investing\/"},"modified":"2024-11-21T20:39:16","modified_gmt":"2024-11-21T19:39:16","slug":"peter-varga-on-financial-regulation-and-taxes-at-ta3-conference-on-investing","status":"publish","type":"post","link":"https:\/\/highgate.sk\/en\/peter-varga-on-financial-regulation-and-taxes-at-ta3-conference-on-investing\/","title":{"rendered":"Peter Varga on financial regulation and taxes at TA3 conference on investing"},"content":{"rendered":"\n<p><strong>In November 2023, TA3 held its biggest conference to date.\nVarious investment topics were discussed during the different panels.\nPeter Varga, who represented Highgate Group, commented on various tax and legal issues that surround the investment infrastructure sector in Slovakia.  <\/strong><\/p>\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/6L8A4846-1024x683.jpg\" alt=\"\" class=\"wp-image-240926\" style=\"width:700px\" srcset=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/6L8A4846-1024x683.jpg 1024w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/6L8A4846-2048x1365.jpg 2048w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/6L8A4846-300x200.jpg 300w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/6L8A4846-768x512.jpg 768w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/6L8A4846-1536x1024.jpg 1536w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/6L8A4846-600x400.jpg 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<p>In our practice, we often encounter structures where it is not entirely clear whether or not they should be regulated.\nUnfortunately, in some cases, ignorance can even lead to criminal law.\nPeter Varga demonstrated this risk with examples at our conference, which focused on real estate financing through various regulatory and <a href=\"https:\/\/highgate.sk\/konferencia-o-real-estate-fondy-dlhopisy-crowdfunding-dane-all\/\">tax structures<\/a>.\nHowever, Peter Varga also spoke briefly about this at the TA 3 investment conference.   <\/p>\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Konferencia TA3: Finan\u010dn\u00fd trh - Financovanie Real Estate (regula\u010dn\u00e9 a da\u0148ov\u00e9 \u0161trukt\u00fary)\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/zIfgd0Nr3pw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<h2 class=\"wp-block-heading\"><strong>Scams with funds, bonds or other investment structures and opportunities?<\/strong><\/h2>\n\n<p>As the regulatory jurisdiction of the NBS and the O\u010cTK is often territorially limited, many investors in Slovakia fall victim to fraud.\nHowever, some of these fraudulent schemes are purely Slovak. <\/p>\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Konferencia TA3: Finan\u010dn\u00fd trh - Podvody s fondami, dlhopismi alebo ...\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/SrCO_4hRIwE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<h2 class=\"wp-block-heading\"><strong>Taxation of funds in Slovakia?<\/strong><\/h2>\n\n<p>At the time of the conference, there was a law in place that gave tax advantages to certain types of fund structures that was to be effective January 1, 2024.\nAlthough Peter Varga described the new tax regime, he quite astutely stated that the debate on the taxation of funds may be premature given the activities of the new government. <\/p>\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Konferencia TA3: Finan\u010dn\u00fd trh - Zda\u0148ovanie fondov na Slovensku?\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/TrhojK6t5BY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<p><strong>We have been actively dealing with the topic of funds<\/strong> in our practice for a long time, if you are interested in this topic, we attach links where we deal with it in more detail, namely:<\/p>\n\n<p><strong>in the following articles or lectures<\/strong>:<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-bottom is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Snimka-768x432-1.jpg\" alt=\"\" class=\"wp-image-2605\" srcset=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Snimka-768x432-1.jpg 768w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Snimka-768x432-1-300x169.jpg 300w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Snimka-768x432-1-600x338.jpg 600w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-bottom is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"768\" height=\"439\" src=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Male-slovenske-investicne-fondy-768x439-1.jpg\" alt=\"\" class=\"wp-image-2607\" srcset=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Male-slovenske-investicne-fondy-768x439-1.jpg 768w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Male-slovenske-investicne-fondy-768x439-1-300x171.jpg 300w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Male-slovenske-investicne-fondy-768x439-1-600x343.jpg 600w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-bottom is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Metodicke-dni-titulka-768x432-1.jpeg\" alt=\"\" class=\"wp-image-2609\" srcset=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Metodicke-dni-titulka-768x432-1.jpeg 768w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Metodicke-dni-titulka-768x432-1-300x169.jpeg 300w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/Metodicke-dni-titulka-768x432-1-600x338.jpeg 600w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/div>\n<\/div>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"ep-4e804ee\"><a href=\"https:\/\/highgate.sk\/en\/setting-up-funds-in-slovakia-accounting-and-tax-pitfalls\/\">Setting up funds in Slovakia &#8211; accounting and tax pitfalls<\/a><\/h4>\n\n\n\n<p>Within the Highgate Group, we are relatively intensively involved in the topic of collective investment.\nIn addition to our experience in setting up and running funds,&#8230; <\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"ep-f87e99f\"><a href=\"https:\/\/highgate.sk\/en\/distribution-of-small-slovak-investment-funds-will-these-funds-be-more-accessible-to-a-wider-range-of-investors\/\">Distribution of small Slovak investment funds<\/a><\/h4>\n\n\n\n<p>The legislative storm in the National Council of the Slovak Republic in June 2023 also resulted in some relaxation of the criteria for the distribution of small Slovak investment funds.\nThe amendment to the&#8230; <\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"ep-de9520e\"><a href=\"https:\/\/highgate.sk\/en\/petr-vargas-lecture-at-the-methodological-days-of-the-chamber-of-tax-advisors-on-the-topic-of-taxation-of-funds-in-slovakia\/\">Petr Varga&#8217;s lecture on the topic of taxation of funds in Slovakia at the SKDP methodological days<\/a><\/h4>\n\n\n\n<p>Following on from our largest conference to date, which looked at real estate finance through various regulatory and tax structures&#8230;<\/p>\n<\/div>\n<\/div>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<p>  at our successful <strong>unique conference<\/strong>:<\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-bottom is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/2-768x432-1.jpg\" alt=\"\" class=\"wp-image-2616\" srcset=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/2-768x432-1.jpg 768w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/2-768x432-1-300x169.jpg 300w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/2-768x432-1-600x338.jpg 600w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"ep-d07afac\"><a href=\"https:\/\/highgate.sk\/en\/real-estate-taxes-and-financing-conference-unique-conference-on-fund-and-tax-structures-crowdfunding-bonds-bank-financing-etc\/\">Unique conference Real Estate &#8211; Taxes and Financing<\/a><\/h4>\n\n\n\n<p>We welcomed more than 200 attendees to our largest conference to date, which focused on real estate financing through&#8230;<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<p>or as part of our<strong> video podcasts<\/strong>:<\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-bottom is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/investicne-fondy-nehnutelnosti-768x432-1.jpg\" alt=\"\" class=\"wp-image-2620\" srcset=\"https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/investicne-fondy-nehnutelnosti-768x432-1.jpg 768w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/investicne-fondy-nehnutelnosti-768x432-1-300x169.jpg 300w, https:\/\/highgate.sk\/wp-content\/uploads\/2024\/06\/investicne-fondy-nehnutelnosti-768x432-1-600x338.jpg 600w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-bottom is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-bottom is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"ep-f10fbd9\"><a href=\"https:\/\/highgate.sk\/en\/videopodcasts\/real-estate-investment-funds\/investicne-fondy-nehnutelnosti-2\/\">Video podcast: real estate investment funds<\/a><\/h4>\n\n\n\n<p>Host Lenka Buchl\u00e1kov\u00e1 discusses the topic of real estate investment funds with our partner Peter Varga and attorney Roman Baranca in the Highgate Talks podcast&#8230;<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p><\/p>\n<\/div>\n<\/div>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading\"><strong>Tokenised financial instruments and real estate<\/strong><\/h2>\n\n<p>Tokenisation of assets undoubtedly brings with it a number of benefits, but also challenges.\nPeter Varga summarized them at the conference as follows. <\/p>\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Konferencia TA3: Finan\u010dn\u00fd trh - Tokenizovan\u00e9 finan\u010dn\u00e9 n\u00e1stroje a nehnute\u013enosti\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/yF9fetCvuCM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<p>If you are interested in the topic of tokenised financial instruments, we have covered it in more detail in the following article:  <a href=\"https:\/\/highgate.sk\/en\/issues-of-tokenised-shares-and-bonds-already-in-slovakiadlt-regulation\/\">Issues of tokenised shares and bonds already in Slovakia? DLT Regulation<\/a><\/p>\n\n<h2 class=\"wp-block-heading\"><strong>Taxation of portfolio rebalancing<\/strong><\/h2>\n\n<p>In most cases, Slovak tax law has the ambition to tax the generation of income when rebalancing portfolios. However, there are institutes where taxation on rebalancing does not occur. Peter Varga also commented on this at the conference.    <\/p>\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Konferencia TA3: Finan\u010dn\u00fd trh - Zda\u0148ovanie rebalansovania portf\u00f3lia\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/Uyp64f83QP0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>In November 2023, TA3 held its biggest conference to date. Various investment topics were discussed during the different panels. Peter Varga, who represented Highgate Group, commented on various tax and legal issues that surround the investment infrastructure sector in Slovakia. In our practice, we often encounter structures where it is not entirely clear whether or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87],"tags":[93,97,184,90,94,91],"class_list":["post-241840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-we-in-the-media","tag-capital-gains-tax","tag-collective-investment","tag-crowdfunding-en","tag-securities","tag-tax-optimisation","tag-vat"],"_links":{"self":[{"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/posts\/241840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/comments?post=241840"}],"version-history":[{"count":2,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/posts\/241840\/revisions"}],"predecessor-version":[{"id":244510,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/posts\/241840\/revisions\/244510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/media\/2599"}],"wp:attachment":[{"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/media?parent=241840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/categories?post=241840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highgate.sk\/en\/wp-json\/wp\/v2\/tags?post=241840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}