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Slovak Republic to Reintroduce Tax Licenses and Implement Other Tax Changes to Improve Public Finances

|Proposed Changes|Slovak Republic
Slovak Republic

The Ministry of Finance of the Slovak Republic has published a draft law containing measures in connection with improving the state of public finances. The measures include:

  • Increasing the individual income tax rate for dividends from 7% to 10%;
  • Reintroducing tax licenses (minimum taxes) for companies as follows based on taxable revenue in a tax period:
    • EUR 340 if taxable revenue reaches EUR 50,000;
    • EUR 960 if taxable revenue exceeds EUR 50,000, but is less than EUR 250,000;
    • EUR 1,920 if t…

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