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Capital:
Bratislava
Form of government:
Parliamentary republic
Area:
49 034 км2
Population:
5 million
Currency:
Euro (EUR)

Taxation in Slovakia

The profit tax in Slovakia is the same for all forms of enterprises - 22%, regardless of where the income was received by the resident firm, in the country or outside it. A non-resident company contributes tax only for profits received in the Republic.

VAT

The standard VAT amount is 20%, the reduced amount is 10%. VAT payers are not all the companies, this tax is not levied on the export of services and goods, except insurance, financing, education and broadcasting.

Other taxes for legal entities

Dividends paid by the enterprise in Slovakia are not subject to taxation, whatever the residence of the owner is. The tax on interest and royalties for a non-EU resident is 35%, for a EU resident - 19%.

Tax license

A tax license (introduced in 2014) establishes the minimum annual tax for an enterprise. It depends on the availability of VAT payer status, as well as annual turnover, in particular:

  • Company does not pay VAT, annual turnover is less than 500 000 euros - 480 euros per year
  • It pays VAT, annual turnover does not exceed 500 000 euros - 960 euros annually
  • Annual turnover is more than 500 000 euros - 2880 euros per year

Payment of a tax license by legal entities starts only from the second fiscal year, the first year is not taken into account. Double taxation agreements have been signed with about 60 states, including Ukraine and Russia.