Slovak News - Dec 96 - Measure To Preclude Discrepancies On Income Tax

Measure of Ministry of Finance SR No. 99 to preclude discrepancies in Law No. 286/1996 of Coll., on income tax.

If an individual receives taxable remuneration comprising wholly or mainly of non-monetary items, and it is not possible to withhold tax prepayments, then the payments due should be additionally deductible in the next possible period.

If this is not possible the tax liability should be accounted for by filing a tax return.

The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.

For further information contact Ruth Clamp, Arthur Andersen Bratislava on tel: +42 7 5340 545, fax: 42 7 5340 542 or e:mail directly to ruth.a.clamp@ArthurAndersen.com or enter text search 'Arthur Andersen' and 'Business Monitor'.