Global

Details

  • Service: Tax, International Corporate Tax, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 1/16/2013

Slovakia - Changes to corporate, individual income tax 

January 16:   Changes to Slovakia’s corporate and individual income tax include the following:
  • An increase in the corporate income tax rate, from 19% to 23%—non-calendar year taxpayers will need to allocate the tax based on the number of months in 2012 and 2013.
  • A second individual (personal) income tax rate—the 19% rate remains effective, but applies only to part of the tax base up to 176.8 times the yearly minimum subsistence amount (i.e., €34,402 in 2013); income above this threshold is taxed at a rate of 25%.
  • For certain types of income, the withholding tax rate remains at 19%.
  • Only taxpayers with foreign sourced income can apply to extend their tax return filing and tax payment deadlines.

Other amendments concern:


  • Changes to the taxation of dividends for distributions by foreign companies
  • Extension of the tax-assignment-by-corporate-entity rules
  • Changes to the tax-bonus rules
  • A cap on lump-sum expenses of self-employed persons

Read a January 2013 report [PDF 305 KB] that describes these Slovakian tax changes, prepared by the KPMG member firm in the Czech Republic: Financial Update (January 2013)




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