WHAT'S GOING ON IN ...: SLOVAK REPUBLIC: CHANGES TO THE SLOVAK INCOME TAX ACT AND VALUE ADDED TAX ACT

Details are provided of the major corporate income tax amendments to the Slovak Income Tax Act, including the abolition of transfer pricing rules for Slovak-related parties, personal income tax amendments, which define individuals with a residence permit as Slovak tax residents, and the amended Value Added Tax Act, under which foreign entities must register for VAT before commencing "economic activities" in the Slovak Republic.