Global

Details

  • Service: Tax, International Executive Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 11/13/2013

Slovakia - Tax proposals in draft budget 

November 13:  The Slovak government in October 2013 approved a draft budget for 2014-2016 that includes proposals to:
  • Extend a “special levy” on business undertakings for entities in certain sectors until 2016
  • Reduce the rate of corporate income tax to 22% beginning in 2014
  • Introduce a “tax license” providing a fixed fee (or minimum tax) that a company would pay even if it declares zero profit or reports a loss

Social contributions

Changes to the Slovak law on health insurance are effective 1 October 2013, and provide:


  • Submissions of statements, including insurance contribution advances, are to be made in electronic format only
  • An increased insurance contribution rate and maximum assessment base applicable to dividends paid out of profits generated in the accounting period beginning on or after 1 January 2013


For more information, contact a KPMG tax professional in Slovakia:


Michaela Stachová

+421 2 599 84 111




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