Taxes - Accounting

Slovakia

Print the page Click to print the page

Tax Rates | Accounting Rules

Tax Rates

Consumption taxes

Nature of the tax: Dan z pridanej hodnoty (DPH) - Value Added Tax (VAT)
Tax rate: 20%
Reduced tax rate: The reduced rate of TVA in Slovakia is 10%. It is applied mainly to medicines.
Other consumption taxes: There are consumer taxes on alcohol, beer, wine, tobacco and petrol. More detailed information on excise duties is available on the European Commission website.

Corporate taxes

Tax rate

Corporate tax

19%

Capital gains taxation: There is no separate capital gains tax.
Main allowable deductions and tax credit: Some expenses are deductible: marketing costs, reimbursement of debt, etc.
Other corporate taxes: Tax on real estate, stamp duty, interest, royalties on patents, social contributions.

Individual taxes

Tax rate

Income Tax

Flat rate of 19%

Allowable deductions and tax credit: Deductions are possible for health insurance premiums, complementary retirement insurance, interest on loans for the purchase of a residence, etc.
Special expatriate tax regime: There is no special regime for expats.

Double taxation treaties

Countries with whom a double taxation treaty have been signed: See the list of double taxation Treaties signed by Slovakia.
Withholding taxes: Dividends: 0%, Interest: 0/19%, Royalties: 0/19%
Bilateral agreement: Slovakia and Tunisia are bound by a double taxation treaty: no

Signed	Ratified	Enforced

Pour aller plus loin dans vos recherches nous vous proposons de connaître les taxes locales connaître les taxes locales qui s'appliquent à votre produit.

Sources of fiscal information

Tax Authorities: Slovak fiscal administration
Other domestic resources: Slovak fiscal authorities
Consult Taxation trends in the European Union.

Accounting Rules

Tax year: The fiscal year begins on 1 January and ends on 31 December of the same year.
Accounting standards: Slovak accounting standards (SAS), IFRS for large companies.
Accounting regulation bodies: Ministry of Finance
Accounting reports: Businessmen and all commercial companies in Slovakia have to keep and prepare annually certain accounting documents:
- the balance sheet
- the profit and loss account
- the notes to the accounts
The structure of accounts as well as the balance sheet and the profit and loss account are inspired by the French model. European companies listed on the Stock Exchange must draw up their consolidated annual accounts on the basis of the standards of the IAS/IFRS.
Publication requirements: Accounts are published annually.
Two schemas of publication for financial information are possible :
- A complete document for companies which are obliged to be audited by an independent auditor. These are companies listed on the Stock Exchange and companies which correspond to two of the following three criteria: the total of the balance sheet is over EUR 660,000; the net turnover is over EUR 1.3 million and the number of persons employed is over 20.
- An abbreviated document for businessmen and companies which do not have to audit their accounts.
Professional accountancy bodies: SKAu
SAF
Certification and auditing: The Law on Accounting describes conditions under which companies must have their financial statements audited by a certified auditor. You can contact an external auditor: KPMG, Deloitte, Cascaya Slovakia, Ernst&Young, PricewaterhouseCoopers.
Accounting news: Einnews
IAS Plus