Former Allen & Overy Senior Associate and Head of Real Estate in Slovakia Vojtech Palinkas has joined Slovakia's MCL law firm, where he will co-head the Real Estate, Projects, M&A, and Corporate law practices.
Bratislava Property Forum 2019, 2nd April 2019, Sheraton Bratislava Hotel, Slovakia
In its December session the Slovak parliament will decide whether to adopt a sectoral tax in the form of a 2.5% levy on net quarterly turnover of retail chains (the “retail chains levy”). The official purpose of the bill under consideration is to reach the strategic goal of food self-sufficiency, to finance the creation of mechanisms supporting Slovakia’s agricultural production and food industry, and to weaken the allegedly dominant position of large retail chains as regards their profits. The annual yield of the new tax is estimated at approximately EUR 150 million – a figure on which the Ministry of Finance relied in calculating its state budget for 2019.