Tax returns, illustartive stock photo (source: SME)
Renáta Bláhová The author is Partner at BMB Partners TAXAND and tax advisor.
However, in addition to the inherent coffee, legal regulations and spreadsheets, there is a more pleasant occasion: making a decision on which non-profit organization (NPO) will be assigned a share of your tax.
How it works in a nutshell
If you manage to make a donation of at least 0.5 percent of your tax liability by the tax return filing deadline, you can assign up to 2 percent of your tax to NPOs. If not, they'll get "only" 1 percent. Large companies that have established ESG standards make use of this option almost automatically. Smaller companies sometimes forget about it in the rush of work.
You need to verify the organisation you have chosen at www.notar.sk - this will avoid your 2 percent being forfeited.
Below you will also find specific illustrative examples, all of which are legal entities that made the same profit of approx. €500,000 for 2024 and their corporate income tax for 2024, calculated by their tax advisor, is €100,000.
Example No. 1: We like making donations s.r.o.
This company really likes NPOs. In fact, it managed to send a donation of €500 (yes, under a donation agreement, all in line with the regulations) long before the March 31, 2025 tax return filing deadline. When completing the 2024 tax return, the company's management may decide to redistribute €2,000 to one or more recipients, indicating the respective amounts, but at least €8 to each (rounded mathematically to two decimal places). Only 98 percent of the calculated tax will remain with the State.
Example no. 2: Not a cent for donations s.r.o.
This is a story of a company which, two years ago, received an email from the US headquarters: 'Not a cent for donations'. The accountant interpreted it in his own way, the director was not happy about it, but didn't want to challenge his interpretation. Thus, the year 2023 passed without both donations and the 1% tax assignation. All the taxes went to the state - 100 percent.
The year 2024, however, brought a change. There was an online meeting with the US CFO where it was explained, with the participation of tax advisors from Slovakia, that the tax assignation in Slovakia has nothing to do with a donation in the US, instead it is a unique right to reallocate a share of the corporate income tax. After a mutual explanation, the company assigns €1,000 (1 percent of the tax) to a selected NPO and the state is left with 99 percent.
Example No. 3: Extended filing deadline s.r.o.
This company took a strategic approach. At the end of March, the finance director found out that this year they will pay €50,000 more in taxes than last year. He decided to use the option to postpone the filing deadline to June 30, 2025 (simply by notifying the tax office by March 31, 2025). This bought him time and interest - he put the amount into a time deposit, earned a nice amount in interest, and sent a donation to a nonprofit organisation that employees voted for by June 30, 2025, which allowed him to redistribute €2,000 to other selected NPOs. The state got its 98 percent, the NPOs were happy, and all without undue stress.
Useful links also for individuals
In contrast to corporate income tax, for individuals the remitted share of the tax is not conditioned by a donation, but is always 2 percent of the individual's income tax paid, whereas an employee who does not file a tax return himself, but through an annual tax reconciliation (Ročné zúčtovanie preddavkov na daň) processed by his employer, also needs to sign a declaration of remittance of the share of the personal income tax paid (Vyhlásenie o poukázaní podielu zaplatenej dane). If the employee has volunteered (at least 40 hours), he or she can choose to remit up to 3 percent of the tax.
Find all the information on the provision of a share of the paid tax by a legal entity in 2025: Informácia k poskytovaniu podielu zaplatenej dane právnickou osobou v roku 2025
Read more about provision of a share of the paid tax to employees: Poskytnutie podielu zaplatenej dane zamestnancom
