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Slovak Parliament Considering Repeal of New Financial Transactions Tax

|Proposed Changes|Slovak Republic
Slovak Republic

The Slovak parliament is considering a draft bill that would repeal the country's recently approved financial transactions tax. As previously reported, the Act on the Tax on Financial Transactions and on the Amendment of Certain Acts introduced a tax at varying rates on certain financial transactions. The Act will enter into force on 1 January 2025 with the first monthly tax period starting in April 2025, except for the tax on payment card transactions, which has a calendar year tax period.…

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