Slovak Tax Authority Uncovers 66 Million Euros in Violations During Corporate Audits

The Slovak Financial Administration discovered tax violations worth 66 million euros through the end of April during audits of larger companies. The tax authority, which oversees tax collection and compliance in Slovakia, reported significant findings in the area of transfer pricing, a method multinational companies use to set prices for transactions between their subsidiaries. These audits are part of the administration's efforts to ensure proper tax compliance among major corporate taxpayers and prevent tax avoidance schemes that can cost the state budget substantial revenue.