Spectator on facebook

Spectator on facebook

Taxes in Slovakia

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

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

Income taxes
The basic income tax rate for individuals is 19 percent. As of January 1, 2013 high earners are subject to a higher rate. Based on the new legislation adopted in 2012, one’s tax base up to 176.8 times the subsistence wage (i.e. €34,401.74 per month) is subject to an income tax rate of 19 percent. The remaining portion of the tax base is taxed at 25 percent. The taxable income of selected constitutional officials is subject to a special tax rate of 5 percent.

The corporate income tax rate is 23 percent, based on new legislation adopted in 2012.

Tax on 2012 personal and corporate income was paid in line with the previous flat tax rate, i.e. 19 percent.

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.

Topic: Finances and Advisory


Top stories

Tom Odell surprised Slovak band in Bratislava Video

The British artist was wearing a T-shirt, presented to him by the Tolstoys, from start to finish at his Bratislava concert.

Tom Odell

El País: Female professor openly fights high gender pay gap in Slovakia

The major Spanish daily portrays Slovakia as one of the EU countries with the highest level of gender inequality through the story of Svetlana Fialová.

5 most significant results of the municipal elections Photo

A slightly higher turnout and more independent candidates. Some results in the municipal elections came as a surprise.