Slovak Republic Repealing CFC Rules for Individuals
The Slovak parliament reportedly approved a draft law in its first reading on 10 May 2023 for the repeal of the controlled foreign company (CFC) rules for individuals. The rules were only recently introduced for individuals with effect from 1 January 2022 if controlling at least 10% of a foreign company in a jurisdiction with an effective tax rate below 10% or a jurisdiction that is non-coopera…
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