Slovakia Tax Agency Updates Guidance on Advance Tax Payments for Legal Entities

The Slovak Financial Administration Dec. 3 updated guidance on advance income tax calculations and payments for legal entities. Topics covered include: 1) required monthly payments if taxes in the previous reporting period exceeded 16,600 euros (US$18,384); 2) required quarterly payments if the tax in the previous reporting period was between 5,000 euros (US$5,538) and 16,600 euros (US$18,385); 3) the settlement of difference between advance taxes paid and the amount due; 4) an allowance for deductions; and 5) procedures to claim reimbursement for overpayments. The updated guidance applies from Jan. 1, 2020, and the deadline for filing annual entity income tax ...