Taxes in Slovakia

Short overview: Obligatory minimum tax for legal entities since 1.1.2024 From January 1, 2024, a minimum tax is introduced into the law, mandatory for every company, regardless of whether it made a profit or a loss. The amount of the minimum tax is not flat-rate, and...

Corporate Income rates. The standard CIT rate for legal entities is 21% In case of taxable income up to EUR 49 790 for taxing period, legal entities or self – employed individuals can apply rate 15% . The standard CIT rate for individuals is 19%; in case when tax base...

VAT rates. Basicrate 20 % Reduced rate 10 % – basic food as milk, bread, meat, some fruits and vegetables , medical products, accomodation, books, newspapers, magazines, spectacle lenses, restaurant and catering services etc. Reduced rate 5% – supply of buildings for...