The National Council (parliament) of the Slovak Republic, has approved legislation amending the country's Income Tax Act. The legislation must now be signed by the president and will generally apply from 1 January 2015.
Key amendments are summarized as follows:
Thin Capitalization Rules
New thin capitalization rules will apply to all related parties, both resident and non-resident, although banks, insurance companies, reinsurance companies, and collective investment companies will be exe…