On 20 December 2022, Slovak President Zuzana Čaputová signed a law introducing amendments to the country's interest deduction limitation and transfer pricing rules. This includes:
- Revised rules on limiting the deduction of interest exemption in line with the EU Anti-tax Avoidance Directive with effect from 1 January 2024, including that the deduction of interest expense is limited to 30% of EBITDA with a EUR 3 million safe harbor for all legal entities, with an exception from the rules for f…