Slovakia Tax Agency Issues Guidance on Tax Exemption for Recreation Contribution by Employers

The Slovak Financial Administration March 21 issued guidance on the tax exemption for employer expenses on employee recreation benefits, where employees may request domestic vacation funds under specified conditions, effective Jan. 1. Topics covered include: 1) the maximum of 55 percent allowance and up to a 275 euros (US$310) per calendar year for employees continuously working for 24 months; 2) the decrease of maximum allowance for part-time employees; 3) examples of allowable recreation expenses; and 4) required accounting procedures and documentation for employees. [Slovakia, Financial Administration, 03/21/19]

Reference:
View Guidance. View Index.