Corporate Income Tax

Tax resident:

Residents of Slovakia are taxed on their worldwide income. Non-residents are taxed only on income they receive from Slovakian sources. An individual is deemed to be resident for tax purposes if he or she spends more than 183 days of the year in Slovakia, or if he or she has a permanent address in Slovakia.

 

Income Tax declaration:

A limited company is required by law to submit its financial statements by March 31. A limited company must make advance payments, monthly or quarterly; the frequency depends on the previous year’s payments made.

 

Tax calculation and rate:

The taxable income of tax resident and tax nonresident corporate taxpayers is based on pretax profit which is calculated in the profit and loss statement prepared on the basis of applicable accounting rules adjusted for deductible, nondeductible and nontaxable items. The corporate income tax rate is 22%. Tax losses may be deducted from the tax base. Tax losses can be carried forward for 7 years.