Deloitte News · 1 Deloitte Legal Deloitte News December 2014, Deloitte Slovakia Direct Taxes: •...
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1 Deloitte Legal Deloitte News December 2014, Deloitte Slovakia Direct Taxes: • Information on the Taxation of Individuals with Respect to Revenues from Bonds and Treasury Bills in 2014 The Financial Directorate of the Slovak Republic published the Information on the Taxation of Individuals with Respect to Revenues from Bonds and Treasury Bills in 2014. The information applies to taxable persons who are both residents and non-residents of the Slovak Republic, and whose revenues from bonds and treasury bills are paid from resources in the Slovak Republic or abroad. • New Income Tax Return Forms In November 2014, the Ministry of Finance of the Slovak Republic issued a decree stipulating income tax return forms. • Finding of the Constitutional Court of the Slovak Republic The Constitutional Court of the Slovak Republic ruled in its finding with respect to the non- retroactivity in the case of tax loss deduction. • Ruling of the Supreme Administrative Court of the Czech Republic The Supreme Court of the Czech Republic ruled on the tax deductibility of expenses. • QUIZ We have prepared a knowledge quiz dedicated to the amendment to the Income Tax Act. Indirect Taxes: • Methodological Instruction on the Registration of Domestic Taxable Persons for VAT Purposes In connection with the recently passed amendment to the VAT Act, the Financial Directorate of the Slovak Republic published on its website a methodological instruction on the registration of domestic taxable persons for VAT purposes. • Establishing a Mechanism for the Temporary Suspension of Access to the Electronic Transport System The amendment to the Act on Excise Duty on Mineral Oil and the Act on Excise Duty on Alcoholic Beverages establishes a mechanism for the temporary suspension of access to the electronic system of transports of mineral oil and alcoholic beverages. • New Excise Stamps for Tobacco Products and Alcohol The Ministry of Finance of the Slovak Republic is gradually launching a new system of printing and distributing excise stamps for attachment to tobacco products and alcohol bottles.
Transcript of Deloitte News · 1 Deloitte Legal Deloitte News December 2014, Deloitte Slovakia Direct Taxes: •...
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Deloitte Legal
Deloitte NewsDecember 2014, Deloitte Slovakia
Direct Taxes:
• Information on the Taxation of Individuals with Respect to Revenues from Bonds and Treasury Bills in 2014
The Financial Directorate of the Slovak Republic published the Information on the Taxation of Individuals with Respect to Revenues from Bonds and Treasury Bills in 2014. The information applies to taxable persons who are both residents and non-residents of the Slovak Republic, and whose revenues from bonds and treasury bills are paid from resources in the Slovak Republic or abroad.
• New Income Tax Return Forms
In November 2014, the Ministry of Finance of the Slovak Republic issued a decree stipulating income tax return forms.
• Finding of the Constitutional Court of the Slovak Republic
The Constitutional Court of the Slovak Republic ruled in its finding with respect to the non-retroactivity in the case of tax loss deduction.
• Ruling of the Supreme Administrative Court of the Czech Republic
The Supreme Court of the Czech Republic ruled on the tax deductibility of expenses.
• QUIZ
We have prepared a knowledge quiz dedicated to the amendment to the Income Tax Act.
Indirect Taxes:
• Methodological Instruction on the Registration of Domestic Taxable Persons for VAT Purposes
In connection with the recently passed amendment to the VAT Act, the Financial Directorate of the Slovak Republic published on its website a methodological instruction on the registration of domestic taxable persons for VAT purposes.
• Establishing a Mechanism for the Temporary Suspension of Access to the Electronic Transport System
The amendment to the Act on Excise Duty on Mineral Oil and the Act on Excise Duty on Alcoholic Beverages establishes a mechanism for the temporary suspension of access to the electronic system of transports of mineral oil and alcoholic beverages.
• New Excise Stamps for Tobacco Products and Alcohol
The Ministry of Finance of the Slovak Republic is gradually launching a new system of printing and distributing excise stamps for attachment to tobacco products and alcohol bottles.
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Legal:
• Amendments to the Labour Code
The first amendment (passed by the National Council of the Slovak Republic) regulates the temporary secondment of employees by temporary employment agencies. The second amendment (currently subject to reading) proposes to eliminate the obligation to retrain employees with respect to traffic rules.
• Amendment to the Civil Code and the Civil Procedure Code
The amendment (currently subject to reading) is to introduce a more detailed regulation of protecting the life and health of individuals, as well as a more detailed regulation of providing financial compensation for non-material damage caused by a personal injury.
• Deloitte Legal Dbriefs
Accounting:
• Changes in the Separate Financial Statements of Certain Types of Reporting Entities
The Ministry of Finance of the Slovak Republic issued Decree dated 24 September 2014 No. MF/16232/2014-74 amending and supplementing Decree of the Ministry of Finance of the Slovak Republic dated 10 December 2008 No. MF/22273/2008-74 stipulating details on the arrangement, naming and content of items included in financial statements and on the extent of financial statements’ disclosures, the frame chart of accounts and accounting procedures for the Deposit Protection Fund, Investment Guarantee Fund, electronic money institutions and branches of foreign financial institution and on amendments to certain decrees, as amended.
The Ministry of Finance of the Slovak Republic issued Decree dated 24 September 2014 No. MF/18007/2014-74 amending and supplementing Decree of the Ministry of Finance of the Slovak Republic dated 13 December 2007 No. MF/25835/2007-74 stipulating details on the arrangement, naming and content of items included in financial statements and on the extent of financial statements’ disclosures, the frame chart of accounts and accounting procedures for mutual funds, pension funds and supplementary pension funds, as amended.
The Ministry of Finance of the Slovak Republic issued Decree dated 24 September 2014 No. MF/15523/2014-74 amending and supplementing Decree of the Ministry of Finance of the Slovak Republic dated 13 December 2007 No. MF/27076/2007-74 stipulating details on the arrangement, naming and content of items included in financial statements for reporting entities that keep accounting books in the single-entry bookkeeping system and carry out business activities or self-employment activities if they are required to support their expenses incurred for generating, securing and maintaining income to identify the income tax base, as amended.
The Ministry of Finance of the Slovak Republic issued Decree dated 24 September 2014 No. MF/16228/2014-74 amending and supplementing Decree of the Ministry of Finance of the Slovak Republic dated 18 December 2007 No. MF/26307/2007-74 stipulating details on the arrangement, naming and content of items included in financial statements and on the extent of financial statements’ disclosures, the frame chart of accounts and accounting procedures for security dealers and branches of foreign security dealers and on the amendment to and supplementation of certain decrees, as amended.
The Ministry of Finance of the Slovak Republic issued Decree dated 12 November 2014 No. MF/195532014-74 amending and supplementing Decree of the Ministry of Finance of the Slovak Republic dated 14 December 2005 No. MF/22933/2005-74 stipulating details on the arrangement, naming and content of items included in financial statements and on the extent of financial statements’ disclosures for health insurance companies, as amended.
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Others:
• Amendment to the Health Insurance Act Regulating a Deductible Item in Health Insurance
On 28 November 2014, the National Council of the Slovak Republic passed an amendment to Act No. 580/2004 Coll. on Health Insurance regulating a decrease in health insurance payments of so-called low-income employees by introducing a deductible item with effect from 1 January 2015.
• Dbriefs
• Recognition of Accounting Transactions Related to the Purchases of Excise Stamps
The notice of the Financial Directorate of the Slovak Republic on the uniform procedure in applying Act No. 431/2002 Coll. on Accounting, as amended, and the following regulations to the recognition of accounting transactions related to the purchases of excise stamps under Act No. 530/2011 Coll. on Excise Duty on Alcoholic Beverages, as amended, and Act No. 106/2004 Coll. on Excise Duties on Tobacco Products, as amended, in the accounting books of the purchaser of the excise stamps.
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