Proposed bill on resolving imminent bankruptcy will not help the businesses in difficulties
On January 17, AmCham Slovakia together with five other business organizations issued a press release calling for an expert discussion and adjustments to the bill on resolving imminent bankruptcy submitted to the National Council of the Slovak Republic on December 20, 2021.
Unfortunately, the submitted bill does not regulate tax issues related to resolving imminent bankruptcy. Without the appropriate adjustment of tax regulations, the prevention of impending bankruptcy will not be fully usable in practice.
Therefore, the American Chamber of Commerce along with Slovak Chamber of Tax Advisers, Slovak Bank Association, Association of Leasing Companies of the Slovak Republic and other foreign chambers of commerce such as Slovak – German Chamber of Commerce and Slovak Austrian Chamber of Commerce are calling for an expert discussion and possible adjustment of the submitted bill.