Changes to Slovak tax legislation

Slovak tax legislation was subject to a number of significant amendments, which generally have effect from 1 January 2008. The application of certain provisions of the amendments to the tax law, for example the changes relating to thin capitalization and transfer pricing, have, however, been postponed to 1 January 2009. This note summarizes the most significant amendments to the Income Tax Act, the Value Added Tax and the Act on Municipal Taxes.