We bring you a brief overview of changes in the field of taxes, levies and accounting, which will be valid from 2022 and it is beneficial to get acquainted with them.
Value added tax
Notification of bank accounts
Until 30 November 2021, all VAT payers were obliged to notify the taxable person of all bank accounts they used for business at the time. After this date, each VAT payer is obliged to notify the tax office of any change in the use of bank accounts without delay. In the event that the taxable person does not notify the tax office of any bank account, the tax administrator will not refund any excess deductions.
Liability for the transfer of VAT
The notification of bank accounts is also related to another obligation, namely, if the customer pays the invoice to his supplier into a bank account, which the supplier has not notified to the tax office, the customer will be liable for the non-payment of VAT to the tax office. The customer should therefore check to his supplier, before each payment of the invoice, in the list published by the Financial Administration in the period from 01.01.2022 on his website, whether the tax office registers in his list the account to which the customer is going to pay the invoice to his supplier. If a customer finds his supplier's bank account in the financial administration list, he will not be liable for non-payment of VAT on his supplier.
Avoiding VAT liability
If the customer does not find his supplier's bank account in the financial administration list and does not want to guarantee the non-payment of VAT on his supplier, he may split the payment to his supplier in two (so-called split payment), paying the tax base to his supplier and paying the VAT on the tax office account assigned by the tax office to the supplier for the payment of the taxes, the payment of VAT being indicated by the customer so that as if it had been paid to the tax office by the supplier himself.
Income tax
Taxation of meal vouchers
From 1 January 2022, the taxation of meal vouchers with financial contributions for meals for employees is equal. Under the current rules, meal vouchers for employees were exempt from income tax in full under the new rules, meal vouchers will be exempt from taxation up to a maximum of only EUR 2.81. Financial contributions for employees will also be exempt from taxation up to a maximum of EUR 2.81.
Adjustment of the payment of the child tax bonus
From New Year's Day, the tax bonus for children aged between 6 and 15 is increased. For children under 6 years of age and from 15 years of age, the amount of the tax bonus remains unchanged. In 2022, the amount of the tax bonus will therefore be adjusted as follows:
Age of the child | Amount of tax bonus |
up to and including 6 years | 47.14 euros per month |
from 6 to 15 years inclusive | 43.60 euros per month |
from 15 years | 23.57 euros per month |
A tax bonus for a maintenance child may be claimed by the parent with whom the child lives in the same household, provided that the parent earns at least €3,876 in employment or business income for 2022.
Tax code
Introduction of electronic communication by tax authorities
As we have already informed you, from 1 January 2022 the method of delivery of consignments by the tax authorities is changing. Newly, the tax office will no longer send documents by post, but will send them exclusively to the electronic mailbox on the www.slovensko.sk.
In the case of such official consignments, the fiction of delivery applies, which means that if the tax entity does not take the shipment from the tax office within 15 days of its receipt in the electronic mailbox, the 15th day is considered to be the date of receipt of the shipment, even if the taxpayer does not know.
Revocation of registration cards
Under the new rules, the tax office will no longer issue registration certificates for income tax and value added tax certificates (grey, white and pink cards). The tax entity will only be served with a registration decision by the tax authority, and you can also verify your registration and registration of other tax entities on the Financial Directorate's website.
Tax Reliability Index
The Tax Office has been assessing the reliability of taxable persons for several years, and has not yet informed the taxable persons. From the New Year, the tax office will already inform any tax entity that has been registered for income tax for more than 2 years about tax reliability. Entities will be classified in three categories – very reliable, reliable and unreliable, while reliability will depend on the fulfilment of tax obligations, such as filing tax returns and payment of tax obligations within legal deadlines, responding to calls from the tax administrator, etc.
Reliable entities will be rewarded with certain tax advantages, but in practice only a very limited number of taxable persons will actually benefit. Such tax advantages include the drawing up of a partial protocol in the context of the exercise of tax control and, therefore, the earlier recovery of that part of the excess deduction or tax overpayment which is not in dispute and, for example, the determination of a longer period for fulfilling the obligations during the tax audit.
Accounting
Raising the threshold for compulsory audit
Since the New Year, the criteria for mandatory auditing are increasing. Under the new rules, the company and cooperative which have fulfilled at least two of the following three conditions for two financial years in a row will have a mandatory audit:
- the total amount of assets is more than €4,000,000
- net turnover exceeded EUR 8 000 000
- the number of employees in one accounting period exceeded 50
