Slovakia: Corporate overview
Governments across CEE, including Slovakia, have introduced or are discussing various measures to mitigate potential adverse consequences of the corona virus situation. This short overview summarises measures taken in Slovakia with respect to corporate housekeeping matters. Due to the dynamic developments, we will update this overview regularly and as required.
Postponement of legal deadlines: Slovak government is considering the extension of deadlines for duties connected with the filing of corporate documents with the commercial register and duties conditional upon the general meeting of joint stock company (in Slovak: akciová spoločnosť), both by 90 days.
Tax Returns and Payments: Slovak government is considering the extension of the original filing deadline for annual income tax returns from 31 March 2020 until 30 June 2020 and the extension of the original deadline, 31 March 2020, for payment of the balance of tax due until 30 September 2020.
Financial Statements: Financial statements have to be filed together with the annual income tax return; therefore the considered extension described under Tax Returns and Payments above would also apply to financial statements. The annual financial statements can be filed also in unapproved form.
A joint stock company and limited liability company are obliged to submit the annual financial statements to the general meeting for approval which has to be given within 12 months after the annual financial statements has been drawn up. A separate notification on the approval must be filed within 15 days following the approval.
Shareholders of a limited liability company may always adopt decisions outside the general meeting (per rollam). In its articles of association, a joint stock company may regulate the right of shareholders to vote by correspondence or may permit a shareholder’s participation at the general meeting and voting at the general meeting through electronic means.
UBO registration: No specific deadline change for UBO registration with the commercial register. Original deadline for UBO verification with the specialized register already lapsed as of 28 February 2020. Notification within 60 days from change of the registered data applies unchanged.