Knowledge base

Glossary

Trading licensea basic license required of all Slovak law entities; without this license, no business activity can be undertaken. An application for a trading license is submitted to the Trade Licensing Office.

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FAQ

What does the yearly settlement of VAT tax look like?

With the inclusion of local differences in the country, the value added tax is an indirect tax, which charges the end customer in the final settlement. The VAT tax is included in the price of a good or service by the salesperson, who is taxed with VAT. The VAT is paid by the traders from the received revenue (sales).

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