Slovak News - August 1998 - Property Return

Under the Act No. 511/1992 Coll. on Tax Collection, individuals permanently residing in the Slovak Republic (SR) and legal entities with their seat in SR are obliged to submit a property return every three years and indicate the property that they own both in and outside of Slovakia. The property return must be submitted also by foreign individuals staying in Slovakia for at least 183 days in 1998.

Legal entities with their seat abroad and foreign individuals staying in Slovakia for less than 183 days are obliged to file the return if they own immovable assets in Slovakia.

Movable assets, proprietary rights and other assets of a property nature must be included in the return only if their total value exceeds Sk 1m. Although immovable assets are not evaluated, they must always be shown in the return.