The Slovak parliament has approved legislation amending several areas of taxation, including the dividends participation exemption, valued added tax (VAT), and penalties for incorrect income tax returns.
Dividends Participation Exemption Restriction
The participation exemption rules for dividends are amended in line with changes to the EU Parent-Subsidiary Directive, including a rule to counter hybrid mismatch arrangements and a general anti-abuse rule. With the changes, the exemption will…