In comparison to executive members of a Joint Stock Company (a.s.), managing directors of a Limited Liability Company (s.r.o.) are taxed in a discriminative manner
Reduced VAT rate for accommodation
The prepared amendment to the Value Added Tax Act proposed by the Slovak National Party will reduce the VAT rate for selected accommodation services with effect from 1 January 2019. The measure should contribute among others to the support of tourism in the Slovak Republic. If the proposed amendment is approved, the VAT rate of 10% will be applied to hotel and similar accommodation services, tourism and other short-term accommodation services, as well as to the operation of camping sites, recreational and holiday camps.
Tax audits focused on VAT are still very topical in Slovakia. Based on the data of the Slovak Financial directorate, 2/3 of tax audits performed in 2017 were focused on VAT.
Since 1 January 2019, the Slovak Republic is going to introduce a new kind of insurance tax. This tax will burden only non-life insurance, such as accident insurance, sickness insurance, transport or credit insurance, liability insurance (with the exception of compulsory contractual insurance subject to another levy). The exact scope defines appendix no. 1 to the approved act. Life insurance will not be subject to this tax.
Are you hesitating what to choose? In our article and accompanying video, we look at this topic from the perspective of both the employee and the employer.
This bonus is treated as salary; it is a part of the salary and shall be taken into account by the calculation of average earnings. 13th and 14th salary are determined as average earnings.