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Companies Will Also Pay for the Consolidation. They Must Create Larger Financial Reserves for New Expenses
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The entrepreneur will have to notify the financial administration that he uses the car only for business. The higher tax license will affect more than 1,400 companies. From April 1, the company will be responsible for compensation during the 14-day break. Slovak companies will also feel the changes in the consolidation package. Their costs will be increased by the reduction of the VAT deduction for cars. According to the Ministry, more than 1,40…
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