Global

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  • Service: Tax, International Corporate Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 11/15/2012

Slovakia - Increased corporate income tax rate proposed for 2013 

November 15: An amendment presented to the Slovak Parliament would increase the rate of corporate income tax from 19% to 23%, for tax years beginning after 31 December 2012.

The proposed legislation also would introduce a special tax on dividend income, at a rate of 15%, and would require withholding on dividends (i.e., taxation at source) paid by Slovak entities to tax residents of Slovakia and also to non-resident taxpayers.


The dividend tax, however, would not apply to dividends distributed by an entity having its “seat” in another EU Member State if the dividend recipient has, at a minimum ,a 10% direct shareholding in the registered capital of the company distributing the dividend.


Other measures presented in proposed legislation would increase the excise tax on tobacco products, would amend the law on international cooperation of tax administration, and would modify the system for health care insurance contributions from dividend income.


Read an October 2012 report [PDF 93 KB] prepared by the KPMG member firm in Slovakia: Amendments to Slovak legislation and other topics




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