There is a change in corporate income tax rates in Slovakia & the tax rate will depend on the taxable income: 10% (income up to EUR 100,000); 21% (income above EUR 100,000 and lees than EUR 5 million); 24% (income above EUR 5 million); in case of individuals’ business income, the tax rate of 15% remains in force & income threshold for applying this tax rate is shifted from EUR 60,000 to EUR 100,000.
The tax rate on dividends paid to individuals is reduced to 7% (from 10% valid for dividends paid from 2024 profits) in case of dividends paid out of profits recognised for the tax period beginning as of 1/1/2025.
Individual’s interest & capital gains from holding Slovak/EU/EEA government bonds (not recorded as business assets) will be tax-exempt whereas in case of corporate entities’ income from Slovak/EU/EEA government bonds &Treasury Bills, reduced tax rates of 16% for 2025 and 13% for subsequent years will apply.
reduced rate of 19% for specific goods/services, including food (not categorised under the 5% VAT rate), electricity, and restaurant & catering services (beverages only with alcohol content max. 0.5% by volume)
super reduced VAT rate of 5% for basic food items, medicines and pharmaceuticals, magazines, books, accommodation services, restaurant & catering services (meals only), admission to sport events and fitness centers
New VAT registration rules will apply:
financial leasing will be considered a supply of goods
specific investment property-related VAT rules will be amended
from 1/7/2025, Slovak VAT taxpayers established in Slovakia that are Authorised Economic Operators may apply a reverse charge on import of goods.
New financial transaction tax effective as of 1/1/2025 (first tax period will be April 2025).
Taxpayer is an entrepreneur, legal entity and organisational unit (branch office) of a foreign person, that utilises services of a payment services provider, has its seat/place of business in Slovakia, has a bank account in Slovakia or provides activities in Slovakia.
Tax rates and subjects of tax:
0.4% of debits from business accounts (max. EUR 40/transaction)
0.8% on cash withdrawals
EUR 2 annually for using a payment card
0.4% of recharged costs for Slovak business-related financial transactions (max. EUR 40/transaction if recharged costs are demonstrably identifiable).
Tax should be paid by payment service providers or taxpayers (some transactions are exempt e.g. tax and social/health insurance payments).
Sweetened Soft Drinks Tax
10/03/2025
A new indirect tax on sweetened soft drinks effective from 1/1/2025.
The tax applies to sweetened beverages, including non-alcoholic beer and wine (up to 0.5% alcohol), and energy drinks.
The tax is payable by the manufacturer or supplier making the first delivery of sweetened beverages in Slovakia.
Generally, tax liability arises on the first supply of the drink in Slovakia.
