Spectator on facebook

Spectator on facebook

TAX SYSTEM IN SLOVAKIA

BASIC INFORMATION

BASIC INFORMATION

Tax period: calendar year
The system of taxes in Slovakia is based on a flat tax rate of 19 percent, with several exceptions.
Income tax (private individuals and legal entities): 19%
Value-added tax (VAT): 19%
Reduced-rate VAT: 10% (levied on medication, selected medical devices, books)
Special terms apply to excise tax on beer, wine, alcohol, tobacco and tobacco products, and mineral oils.
Local taxes (paid directly to municipal authorities) are within the competence of municipal assemblies and are therefore different in every village and town. Local taxes include: real estate tax; dog tax; taxes for using public spaces; accommodation tax; vending machines tax; non-gambling slot machines tax; taxes to drive into and/or park a motor vehicle in the historical centre of a ity; nuclear devices tax; local payments for communal waste and small quantities of construction waste; and motor vehicle tax.

Source: www.epi.sk

Topic: Finances and Advisory


Top stories

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo

Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

The ice scupltures at Hrebienok, Tatry Ice Masters

The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

Illustrative stock photo