# Accounting for foreign companies

> Bookkeeping for Slovak subsidiaries of Austrian, German and Czech companies.

Zdroj: https://www.mojatv.eu/en/services/accounting-for-foreign-companies

## Podrobnosti

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.

## Časté otázky

### Komunikujete v nemčine?

Áno. Podklady a výkazy vieme vysvetliť v nemčine alebo češtine a pripravíme prehľad v štruktúre, na akú je vedenie v zahraničí zvyknuté.

### Riešite súhrnné výkazy a overovanie IČ DPH?

Áno. Spracúvame súhrnné výkazy, overujeme identifikačné čísla odberateľov v systéme VIES a strážime, aby oslobodenie od dane malo podklad pre kontrolu.

### Ako je to s preúčtovaním nákladov od materskej spoločnosti?

Preúčtovanie musí mať podklad a musí byť správne zachytené, inak ho daňový úrad neuzná ako daňový výdavok. Upozorníme aj na povinnosť transferového oceňovania.

### Spracúvate mzdy pri vyslaní zamestnanca?

Áno, vrátane súbehu funkcie konateľa a pracovného pomeru, odmeňovania konateľa bez zmluvy a zamestnanca s bydliskom v inom štáte.


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PRO Accounting, s.r.o. · +421 944 430 844 · info@proaccounting.sk