Many entrepreneurs are considering how they could avoid paying a new transaction tax. One of the options they are considering is the transfer of an account or the company itself abroad. However, in this way they will not helpthe partner of the Atlas Group Groupa, ina Kováčová Bečková, pointed out.
She pointed out that if the company decided to translate the registered office abroad for a transaction tax, it would not automatically mean that its owner will already pay taxes and payments only outside Slovakia. Important for paying taxes is where the company or entrepreneur perform activities and have physical operation, ie the so -called permanent establishment. In order to do this, the company or its employees must be carried out in the country for at least six months.
“Therefore, if a company or sole trader continues to do business in Slovakia, taxes, including transaction tax, will have to pay in Slovakia,” She stressed Bečková. They will also have to file a tax return in Slovakia and also in the country where they are based.
In an effort to bypass the payment of a transaction tax, a company or sole trader can say that he will open an account abroad or to pay through foreign payment services such as revolut or PayPal. However, he remembered such situations on the Tax of Financial Transactions.
“If the entrepreneur paid out of these accounts, you would not have helped. On the contrary. Because the entrepreneur who is burdened with the tax also becomes a taxable person. Thus, one who pays the state tax a month and fulfills other reporting obligations or obligations of record management, which will bring him an extra administration, ”explained the expert.
In the event that the entrepreneur decided to use virtual currencies, payments made from Krypto wallets are currently not subject to financial transaction tax. “However, when the entrepreneur pays for the purchase of the cryptoactive from the company account, he will be entitled to the outbound payment,” added Bečková. The disadvantage may also be the fact that in Slovakia by cryptoactives is not commonly used.
On the other hand, entrepreneurs have several options how they can optimize the cost of transaction taxGrant Thornton pointed out. The first one is to make consolidated paymentsie one payment to pay several invoices to the same supplier. Companies also They can use mutual credit for the goods or services provided and only pay differences. This will also reduce the amount from which they have to pay the transaction tax.
The consulting company also reminded you The entrepreneur only pays the annual fee for each card for a business account of € 2. It is also an option for the company to provide a higher advance payment to the supplier. If one company plans to withdraw from another goods or services in a larger volume under the contract, it may send the supplier at the same time a advance payment to reimbursement of several future benefits and pay the tax only on this transaction.
