Tax & Legal News
Welcome to the latest issue of Deloitte Slovakia’s Tax & Legal News. This publication provides you the latest information from local and international tax and legal areas. If you have any suggestions, please don't hesitate to contact us
In this issue:
- Updated Methodological Instruction on the VAT Transactions Statement
The Financial Directorate of the Slovak Republic updated the Methodological Instruction on the VAT Transactions Statement.
- Decisions of the Court of Justice of the European Union in the Area of VAT
C-464/12 ATP Pension Service A/S – VAT Exemption Related to the Management of Special Investment Funds in the Case of Services Provided by an Occupational Pension Fund
The CJ EU assessed the applicability of VAT exemption related to the management of special investment funds in the case of services provided by an occupational pension fund. In its judgement, the CJ EU analysed the option of classifying such fund as a special investment fund and the option of applying VAT exemption to partial services. The CJ EU ruled that the VAT exemption related to the management of special investment funds should apply to the fund under review upon meeting specific conditions, and that partial services could be exempt from VAT as part of this provision.
C-204/13 Malburg – Refusal of the Right to Deduct VAT on the Acquired Client Base at the Level of the Company’s Partner
The CJ EU ruled that a partner in a partnership of tax advisors who acquires from that partnership a portion of its client base for the sole purpose of making that client base available directly and free of charge to a newly founded partnership, in which he is the principal partner, so that the partnership can use that client base in its business, without that client base, however, becoming part of the capital assets of the newly founded partnership, is not entitled to deduct input VAT.
- Amendment to the Commercial Code
The amendment should simplify business and restore the credibility of business relations by modifying the liability and minimum contribution of a partner and the registered capital in a limited liability company.
- Amendment to the Personal Data Protection Act
The amendment simplifies requirements imposed on data controllers, and relieves them of some obligations vis-à-vis the Personal Data Protection Office, as well as authorised persons, responsible persons and data subjects.
- Act on Consumer Protection in the Sale of Goods or Provision of Services Under a Distance Contract or an Off-Premises Contract, the Act on a Short-Term Lease of Flats, and the Amendment to the Civil Code and the Distraint Procedure Code
The acts introduce a greater degree of consumer rights protection in the case of distance contracts and off-premises contracts, and a greater degree of flexibility in the lessor and lessee relationship, strengthen a consumer’s position in borrowing funds, and regulate the performance of distraint proceedings in connection therewith.
- Deloitte Legal Dbriefs
We would like to invite you to take part in Deloitte Legal Dbriefs – live webcasts (podcasts) on current legal topics.
Deloitte Legal Dbriefs
- Methodological Instruction on the Origin and Expiration of Motor Vehicle Tax Liability if the Taxable Person is an Employer
The Financial Directorate published on its website a brief methodological instruction on the matter of motor vehicle tax if the taxable person is an employer.
- Deloitte DBriefs
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