Transaction tax: application challenges
The American Chamber of Commerce in Slovakia (AmCham Slovakia) supports the Slovak government’s efforts to consolidate the state budget, recognizing the need to improve public finances and enhance the competitiveness of the Slovak economy.
Regarding the transaction tax, AmCham Slovakia acknowledges the challenges it may pose, including increased administrative, software, and financial requirements. Therefore, AmCham Slovakia seeks to facilitate an effective dialogue with the Ministry of Finance of the Slovak Republic to clarify the most critical areas of the transaction tax’s application. Together with the members of the Tax Committee, AmCham Slovakia has selected specific questions and suggestions, to which the Ministry of Finance and the Financial Administration of the Slovak Republic have provided joint response. AmCham Slovakia appreciates the preparation and provision of these responses.
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