The National Council of the Slovak Republic approved an amendment to the Mineral Oil Excise Tax Act (Act No 98/2004 Coll.), which will be effective from July 2024. This amendment introduces a number of important changes aimed at reducing the administrative burden on entities trading in excise goods and introduces legislative and technical adjustments to certain provisions.
- One of the main changes is the abolition of the obligation for traders to transport certain types of mineral oil with a simplified accompanying document. This change is intended to reduce administrative costs. In practice, this will mean traders in selected mineral oil will no longer have to draw up a simplified administrative accompanying document for each shipment of the relevant mineral oil and will only need to comply with the notification obligation.
- The amendment also permits unregistered mineral oil producers who produce mineral oil outside of tax suspension to file a single summary tax return for the entire calendar month by the 25th day of the following month. This removes the obligation to file a tax return after each production of mineral oil.
- The definition of a mineral oil warehouse is expanded to include a place where mineral oil is received and pumped between two railway tankers in a tax warehouse and subsequently exported to a third country.
- The option to sign electronic documents with a qualified electronic seal is added.
- The definition of an establishment, which is a place or premises where the entity carries out business activities within the scope of its authorisations, has also been added. If the entity has other premises, which are not related to the excise business, they are not considered as an establishment.
Takeaway
The amendment to the Act aims to simplify trade in mineral oil and relieve entities from frequent filing of tax returns and preparation of accompanying documents. If you are affected by these changes, we will be happy to provide you with more information.
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