Spectator on facebook

Spectator on facebook

THOUSANDS DISCOVERING ADVANTAGES OF AUSTRIA

Where do I pay taxes?

Of key concern to Slovak residents buying real estate in Austria is whether they will continue to be able to enjoy Slovakia’s favorable 19% income tax rate when they actually live in Austria.

Of key concern to Slovak residents buying real estate in Austria is whether they will continue to be able to enjoy Slovakia’s favorable 19% income tax rate when they actually live in Austria.

The answer, according to Tax Bureau spokesperson Iveta Adamíková, is that they can. “Income from Slovakia is taxed in Slovakia,” she said.

When it comes to income received from other countries, the situation is slightly more complicated, because it involves deciding where the person lives, for tax purposes – where they are “tax-resident”. Tax advisor Dagmar Bednáriková said that the criteria used to decide tax residence include first of all one’s permanent residence. If, however, one has permanent residence in both Slovakia and Austria, then a person is considered to be the tax resident of that country where they have “the center of their life interests”, in other words the place where they have more family and economic ties.

Other criteria that can be used are the place where the person spends most time, as well as where they have citizenship. “There are a lot of factors that decide how global income is taxed, so it’s very difficult to generalize,” said Adamíková.

In principle, however, if you have a Slovak income, you pay Slovak taxes, no matter if you actually live in Austria.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovakia is the first country to test a new VAT refund app

Getting money back for buying souvenirs in Slovakia will be easier - there will be an app.

Illustrative Stock Photo

Prosecution has found errancies in criminal files related to self-employed farmers

General prosecutor feels that some prosecutors in the east of Slovakia follow their own conscience and opinion and not valid legislation.

General prosecutor Jaromír Čižnár

Begin afresh

I’m not sure if there is a typical Canadian way to get married.

Homophobic banners attributed to Ján Mrva give rise to criminal complaint

The Bratislava Mayoral candidate denies being behind the banners but has not condemned the contents argues NGO.

Ján Mrva