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.

Top stories

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Blog: 5 things you should do on your visit to the north of Slovakia Photo

Here is a list of tips by an experienced tour guide - including things you have probably not tried before.

Bratislava growing high Photo

High-rise buildings sprouting up in Bratislava

Visualisation of the future skyline of Bratislava