Accounting for foreign companies

A Slovak subsidiary of a foreign company faces obligations a purely domestic business never encounters. We keep its books under Slovak law and prepare the reporting so that management in Austria, Germany or Czechia can read it.

Cross-border supplies and VAT

Supplying goods or services to another EU member state has its own regime. We prepare VAT returns, control statements and EC sales lists, verify customer VAT numbers in the VIES system, and make sure every exemption is supported by evidence that will stand up to an audit.

For intra-community acquisitions we apply the reverse charge; in chain transactions we assess who is liable for the tax. This is where most additional assessments arise.

Intra-group cost recharges

The parent company often bears costs that belong to the subsidiary — IT systems, insurance, management. The recharge needs a proper basis and must be recorded correctly, otherwise the tax authority will not accept it as a deductible expense.

For transactions between related parties we also point out the transfer pricing documentation requirement and the extent to which it applies to you.

Reporting for the parent company

Slovak financial statements are structured differently from Austrian or German ones. We prepare a summary that matches what your management is used to: monthly result, receivables and payables, inventory. We can explain the figures and filings in German or Czech.

Payroll under foreign ownership

We handle payroll including situations that arise more often with foreign owners: posted workers, a director holding both an office and an employment contract, remuneration of a director without an employment contract, or an employee resident in another country.

How we start

At the first meeting we go through what the subsidiary actually does and who it trades with. That determines which obligations apply and which do not. The consultation is free and without commitment; we agree the price in advance based on the scope of work.