Tax rate
Local self-government units prescribe the lower and higher income tax rates for annual taxes
Lower rate : EUR 0 - 60,000, previous 0- 50,400
Higher rate: over EUR 60,000, previous 50,400
Special tax rates
Income from capital: 12%
Income from property and property rights: 24%
Income from alienation of real estate and property rights: 24%
Rental income: 12%
Other income: 24%
Income from capital based on withdrawal of assets and utilisation of services: 36%
Other income based on the difference in the value of assets and the amount of funds with which they were acquired: 36% increased by 100%
Tax liability
Unlimited liability on worldwide income (except where DTA restricts the right to assess tax)
Unlimited
residents
Limited
non-residents
Tax assessment period
Calendar year
Income categories
Income from
- Self employment
- Employment
- Capital
- Property and property rights
- Other income (including non-reported income)
Accounting
Double-entry bookkeeping
Small businesses and the self employed: receipts and payments accounting (cash basis accounting) permitted
Loss set-offs
Not possible
Loss carryback
N/A
Loss carryforward
for a limited period only (five years)
Operating expenses
Expenses of the business
Tax allowable expenses
Expenses incurred to procure, secure or maintain taxable income.
Lump sum option
The income and income tax of a taxable person who acquires income from the independent small business activities and independent activities of agriculture and forestry may be determined as a lump sum, provided that they are not registered for the VAT purposes and that their receipts do not exceed EUR 60,000, previous 40,000.
Motor vehicles
As for corporate income tax
Social insurance
Statutory health and pension insurance
Withholding tax
Interest
12%
Royalties
At the rate determined by the decision of the representative body of the local self-government unit
Dividends
12%
