Corporate Income Tax in Slovakia

In Slovakia is a flat tax 19 %. Slovakia has one of the most favourable tax regimes in the world with both personal adn corporate tax a flat 19 % and no withholding tax on dividends. The residents deriving incomes from both Slovak and foreign country sources and non-residents deriving incomes from Slovak sources. 

Tax due date
The tax year in Slovakie is the year ending on 31 of December. It is compulsory to submit the financial statements for companies on 31 of March. The company must make monthly or quarterly advance payments of tax during the course of the year, depending on the amount of teh advance payments in the preivous year. Small business make only one advance payment. A delay in submitting the annual return beyond the date prescribeb is liable to a fine.

Tax rate
The tax rate is 19 %. Dividends paid to shareholders are not subject to a second layer of tax.

Deductions
Investment incetives in Slovakia are assigned to the government approved rules (since 2005). It dependent, for instance: on region or unemployment rate. The investment incentives are given according to the decision on the granted incetives of the Slovak Ministry of economics. The investment incentives are given in compliance with the EU law.

Bc. Petr Gola