Slovak Parliament Approves Tax Law Amendments including Corporate and Dividends Tax Changes

The Slovak parliament has approved several amendments to the income tax law as part of the 2017 Budget. The main changes affecting corporate taxpayers include:

• The corporate tax rate is reduced from 22% to 21%;
• A 35% withholding tax is introduced for dividend payments to non-treaty/TIEA jurisdictions (dividend payments to jurisdictions that have a treaty/TIEA with Slovak Republic generally remain exempt);
• A 35% tax is introduce on dividends received from non-treaty/TIEA jurisdictions; and
• Un…