Taxation in Slovakia
Tax revenue is distributed to Slovakia’s two levels of government: the central government and local authorities. Most of the revenue is earned by VAT and income tax. The Municipalities taxes can use exclusively the revenue of property tax and charges. From 2004 is the taxation in Slovakia low. For instance: the property and personal income taxes are the lowest in EU.
Total receipts of tax and insurance in Slovakia:
- 36 % - social and health insurance
- 35 % - VAT
- 11 % - personal income tax
- 10 % - corporation income tax
- 7 % - other
Bc. Petr Gola
