Version 13 - March 2025 (CUD release)
Content update
This content update focuses on the legislative content changes for the period ending December 2024.
- Financial Period Type: 12-Months (Annual)
- Current compliance: Year end December 2024
- Target industry type: Manufacturing, Services, and Generic (excluding Financial Services)
Legislative
updates to the Illustrative Model Content for the year end December 2024 to remain compliant until June 30, 2025
In October 2024, we informed you that Slovakia approved the consolidation package concerning tax reforms. These changes take effect for the taxable periods beginning January 1, 2025.
- The corporate income tax rate will increase from the current 21% to 24% for taxpayers with taxable income exceeding 5 million euros.
- This change will impact the deferred tax calculation related to financial statements. Certain accounting entities will need to calculate this using a different rate. The financial statements should reflect this change as of December 31, 2024.
- A new tax on bank transfers and withdrawals will be introduced. This tax applies to bank transfers and cash withdrawals, affecting the daily financial operations of entrepreneurs. The act comes into effect on January 1, 2025, with the 1st tax period beginning in April 2025.
Early adoption for accounting standards
N/A
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Slovakia
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