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Slovak Republic Repealing CFC Rules for Individuals

|Approved Changes|Slovak Republic
Slovak Republic

On 21 June 2023, the National Council (parliament) of the Slovak Republic approved a Law amending the Income Tax Act to repeal the application of controlled foreign company (CFC) rules to individuals, which was introduced from 1 January 2022. The amendments include the removal of all relevant provisions and references for the application of the CFC rules to individuals with effect from 1 Augus…

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