FiscalReps Meets with the Ministry of Finance of the Slovak Republic
By way of background, the Ministry of Finance of the Slovak Republic proposed amendments to the Act on Insurance (Act No. 39/2015 of 03 Feb 2015) which included the introduction of an 8% levy on non-life insurance.
On 16 November 2016, Ladislav Hanak, Client Director at FiscalReps met with the Ministry of Finance of the Slovak Republic to discuss the proposed amendments of the Act on Insurance. The meeting covered various technical areas including the legislation, location of risk rules, fiscal representation and other relevant points.
This amendment passed the third final reading in Parliament yesterday. The levy shall be effective from 01 January 2017 and will apply to domestic and foreign insurers operating under the FoS provisions.
If you have any queries regarding the 8% non-life insurance levy, please contact: