The government of Slovakia introduced a bill to add a requirement for country-by-country (CbC) reporting as part of the Slovak domestic tax law. The bill has an effective date of 1 March 2017, once approved by Parliament and enacted into law.
The bill includes provisions to amend and supplement Act no. 442/2012, and requires multinational entities (MNEs) with annual consolidated group revenue equal to or exceeding €750 million in the previous year to file a CbC report. The CbC report would be due no later than 12 months after the last day of the reporting fiscal year of the MNE group.
Slovak entities would be allowed (or required) to act as surrogates in certain instances. Slovak entities of MNEs would have to inform the relevant tax office of their status.
Read a December 2016 report [PDF 251 KB] prepared by the KPMG member firm in Slovakia
<p>© 2018 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.</p>
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.