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During the OECD Global Forum plenary meeting held in Seville, the Slovak Republic signed a multilateral agreement with other countries to extend the mutual cooperation between countries with the aim of increasing tax transparency.
The inclusion of an additional area in the automatic exchange of information for tax purposes will enable the financial administrations’ access to data that are essential for the proper collection of tax revenues. This is an exceptionally important step, especially in the present-day dynamically developing social and economic situation.
The automatic exchange of information on income reported by digital platforms will allow tax administrators to identify persons generating income that should be taxed and ensure proper tax collection in close cooperation with the relevant taxpayer.
By signing this ministerial agreement, the Slovak Republic continues its efforts to introduce innovative approaches to cope with the digitisation and economic globalisation challenges and to efficiently counter undesirable tax behaviours in cross-border transactions.
Press Department
Ministry of Finance of the Slovak Republic
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