The Ministry of Finance of the Slovak Republic has recently proposed several measures amending the Income Tax Act and the Act on Tax Administration. Key measures include:
- Revised rules on limiting the deduction of interest exemption in line with the EU Anti-tax Avoidance Directive (the Slovak Republic was granted a deferral until 2024 due to already having equally effective rules);
- Revised definitions of foreign dependent (related) persons, controlled transactions, and significant controlle…