Transaction tax? Do not invent the breakneck schemes (conversation)
1. Apr 2025 at 11:59
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For a few euros, do not invent breakneck schemes.
Transactional introduction Taxes Since April 1, 2025, it has been accompanied by a number of uncertainties that complicated life to companies and entrepreneurs.
Does it apply, for example, to the landlords of real estate? Will the gears between a single -person eseročka and its owner also touch?
« The transaction tax law is not as long and complicated as many other Slovak tax laws. The bad news is that it does not answer all the questions, » says Peter Furmaník, a tax consultant for the index.
One of the uncertainties about the transaction tax was whom it is. The Financial Administration only answered the questions by quoting the law.
This is a problem especially for natural persons. The law says quite grossly, or without a precise definition that entrepreneurs pay tax on financial transactions.
Thus, as soon as the natural person is found in the box of the entrepreneur, the transaction tax is subject to. Once it is out of this set, it is not subject to it.
A clear entrepreneur is a sole trader. On the other hand, landlords, authors and free freelance artists are not entrepreneurs.
This means that they are not subject to transactional tax. They do not have to set up a special transaction account as sole traders and their outbound payments related to their new tax activities are not subject to.
Transaction tax
- 0.4 % for the outbound bank transfer, a maximum of 40 euros,
- 0.8 % For withdrawing cash from an ATM, without maximum limit,
- Two euros per year for payment card, individual payments are not taxed.
The suspended trade rather completely cancel
Lessons can also be sole traders. Does this mean that outgoing payments related to real estate are not subject to tax?
A natural person can rent the property in two modes. Either only with basic services or as a more sophisticated accommodation service. Each mode has its own rules.
Landlords in the first group have only a VAT number, ie tax identification number and are not sole traders, ie they are not subject to transaction tax, do not have to open an account and outgoing payments should not be affected by a new transaction tax.
In the second group, there are sole traders who have to pay, for example, for energy, management, cleaning or gasoline, in the car that bypasses their properties from April 1 through the transaction account, and these outgoing payments will be burdened with transactional tax.
But what if a trader operates in something completely different, but at the same time rents his apartment?
Honestly, in the case of a combination of these modes, this is not written in the law. However, we can start from the interpretation of its authors. They say that in the case of a natural person who is both a tradesman and the landlord, all outgoing payments related to the activity of the sole trader are subject to transactional tax. But I have also heard of the interpretation, although I do not identify with him that it is also subject to payments that are related to rental.
Whether it is that someone said something, but it is not precisely defined in the law.
Yes. On the one hand, it is good news that the transaction tax law is not as long and complex as many other Slovak tax laws. The bad news is that it does not give answers to all the questions.
If a trader has a suspended trade, but not canceled, does he have to create a transaction account?
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