Taxes in Slovakia
Taxation in Slovakia can be called low in comparison with the taxation of neighboring European countries. Taxation in Slovakia includes the following types of taxes:
- income tax 21% for a company and 19% for a private entrepreneur;
- VAT 20%;
- excise taxes;
- property tax;
- vehicle tax;
- other local taxes.
What are the taxes
There are direct taxes, indirect taxes, and fees in the Slovakia. Each group has Its own rules and conditions.
Tax rates
| Tax | Tax Rate |
|---|---|
| VAT | 10% – 20% |
| Corporate income tax | 21% |
| Personal income tax | 19% – 25% |
| Dividend tax | 7% – 35% |
| Capital Gains tax | 19% |
| Property tax | 0.25% for land, €0.033/m² for buildings and apartments (local municipalities may adjust rates) |
| Inheritance tax | 0% |
| International tax | 7%, 19%, 25%, or 35% (depending on the income type and country) |
| Cryptocurrency tax | 7% – 25% (under personal or corporate tax) |
Tax system
The taxation system of the Slovak Republic is similar to that of other European countries. The following taxes are levied in the Slovak Republic: VAT, income tax, real estate tax, road tax, property tax, gift and inheritance tax, excise tax, real estate transfer tax, and tax on environmental protection.
Direct tax
Corporate income tax (corporate income tax), personal income tax, council tax levied by the government on behalf of the communes, property tax, a land tax levied by municipalities independently.
Indirect tax
VAT, excise taxes on fuel, tobacco, alcohol.
Fees
Annual registration tax, registration and stamp duties, import duties.
Business in Slovakia
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Disclaimer
Tax laws and regulations are continually evolving and can differ depending on individual situations. The information presented here serves as general guidance and may not represent the latest developments. It is strongly advised to seek the assistance of a qualified tax professional for specific and current advice tailored to your circumstances.