Spectator on facebook

Spectator on facebook

Taxes in Slovakia

Value added tax (VAT)Basic VAT rate: 20 percentReduced VAT rate on books and medicines: 10 percent

Value added tax (VAT)
Basic VAT rate: 20 percent
Reduced VAT rate on books and medicines: 10 percent

Income taxes:
The flat income tax rate for individuals as well as corporate entities is currently 19 percent.

But the Robert Fico government plans to increase as of 2013 corporate income tax to 23 percent, and income tax on private individuals to 25 percent on persons with an annual tax base exceeding 176.8-fold the monthly subsistence wage (€194.58 for 2013). The rate up to this level remains at 19 percent.

These hikes are part of the government’s financial consolidation package, which also includes the introduction of a special levy on banks and state-regulated companies.

Topic: Finances and Advisory


Top stories

Another salary negotiation at Volkswagen fails Photo

The strike continues, the representatives of the trade unions say it would be a mistake to give up.

Airports tighten security measures

The US ban of laptops and electronic devices from aircraft cabins on flights from some airports, applies to those from Košice airport to Istanbul.

Airport Košice

Young Slovaks defeat the champions from Sweden Photo

Despite the victory, their advance to the U21 EURO semi-finals is still uncertain.

Female basketball players out of the medal positions at the European championship Photo

The Slovak representatives failed to defeat their rivals from France at EuroBasket Women 2017.