TAX ALERT: Slovakia – Update on Non-Life Insurance Levy

As announced in our June Newsletter, FiscalReps met with The Financial Administration of the Slovak Republic on 25 May to discuss the application of the new Non-Life Insurance Levy. Following this meeting we sent the Financial Administration 35 detailed questions to clarify our understanding and receive confirmation on certain points such as registration requirements, treatment of captives, treatment of reinsurance, tax point, definition of Levy basis, exemptions, co-insurance arrangements, details on the administration process, deadlines and weekends, statute of limitations and the treatment of negatives etc.

FiscalReps has been in close contact with the Slovakian authorities to understand the local rules applicable in respect of the 8% Non-Life Insurance Levy. We have provided our view and input into the matter which has been taken into account and for example certain FiscalReps’ suggestions have been implemented in the Return Form (officially called a “Notification”).

FiscalReps has received answers to all questions in the form of the FAQ document. Moreover, the Financial Administration provided us with the Registration Form and Levy Return template. We understand that these documents will be published in Slovak language on the Financial Administration’s website.

If you have any questions, please do not hesitate to contact your dedicated Client Team or Ladislav Hanak at