Klara Cowan, our Group Payroll Director, will be speaking at GPA Payroll Symposium - an engaging industry event, dedicated to payroll and compliance topics.
Modern enterprises operating within corporate groups and engaged in international trade must navigate the complex challenge of reconciling two distinct yet interconnected legal frameworks: customs regulations and transfer pricing rules. Although these systems serve different purposes – the former focuses on determining the customs value of goods, while the latter ensures that intercompany transactions reflect market conditions – they often apply to the same transactions, creating significant tensions and compliance risks.
On March 7, 2025, the Chamber of Deputies unanimously approved an amendment to the Labor Code. The primary goal of the amendment is to increase flexibility in labor relations. These changes were also approved by the Senate and the President and will enter into force on June 1, 2025. Because it is necessary to thoroughly prepare for a number of new developments, in the following article we bring an overview of the changes that should not go unnoticed.
As of early April, the amendment confirming changes to the taxation of employee shares has officially come into force. Thanks to this change, employers now have the option to choose how employee shares and stock option plans are taxed.
As of 2025, Slovakia has implemented changes to its Personal Income Tax (PIT) system aimed at stabilizing public finances and promoting fairness. This article provides an overview of the current PIT structure, including tax rates, taxable income categories, deductions, and recent legislative amendments.
We would like to inform you, that the meal allowances for business trips have been legally increased as of April 2025.
ASB Group has provided advisory services for the acquisition of a logistics park, which, as of February 20, 2025, is newly owned by the Reico Long Lease fund. The value of this acquisition was approximately EUR 65 million.
The introduction of the SME (Small and Medium Enterprises) procedure in January 2025 represents a significant change in the VAT settlement system within the European Union. This mechanism was designed with small and medium-sized enterprises (SMEs) engaged in cross-border activities in mind. The objective is to simplify administrative and tax obligations for entities with relatively low turnover. The SME procedure establishes uniform regulations applicable across the EU, marking a step toward harmonizing tax law in member states.
Cash pooling is a financial management method in which the cash shortfalls of one company are covered by the surpluses generated by another company in the group.