Personal 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 self-employee is required by law to submit its financial statements by March 31.

Tax returns are not required if total taxable income does not exceed certain minimal threshold (EUR 1,867.97 in 2014) or if final tax was withheld at source (e.g. tax on interest withheld by banks).

 

Tax calculation and rates:

Employment income,including most employment benefits, is taxable. Profits are taxed in the same way as profits derived by companies. Deductions are granted for compulsory social and health contributions, up to specific limits. Personal allowances are available to the taxpayer and his/her spouse, children and dependents if certain requirements are met.

Starting with 2013 tax year, the personal income tax rate is 19 % on part of annual tax base not exceeding EUR 35 022,31, and 25 % on part of annual tax base exceeding this level.