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The Ministry of Agriculture publishes on its website the usual rent of the cultivated land, namely for every cadastral area within the territory of the Slovak Republic, separately. This information is published for the previous year after June 30. The information can serve as a good orientation point for landlords lacking detailed information of the local circumstances. At the same time, it can become a guarantee for the existing tenants after the lapse of a lease period. The law says that if they offer the usual rent, they are entitled to carry on with the lease, subject to certain minor exceptions. The last published information, i.e. information for the year 2018, can be found under https://www.mpsr.sk/ovn2018. Information related to 2019 will be published after June 30, 2020.
As of January 1, 2020, an amendment of the Income tax act became effective. This amendment brings a lot of changes for entrepreneurs. Besides the decrease of the tax rate for the selected persons to 15%, the definition of the dividends has been extended (dividends underly taxation in Slovakia), and the group of tax-free services was broadened and now includes e.g. some additional education services for employees or certain medical inspections. In addition, the part of tax base which does not underly taxation was increased to 21-times the valid living wage. The new regulation also concerns overdue receivables and debts, as well as their tax assessment. Also, the rules for a tax lost deduction have been changed. Completely new is introduction of the new term micro-taxpayer, which got a...