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Slovakia - Taxation


Residents of Slovakia are generally taxed on their worldwide income. Tax residency is assumed if the individual has resided in Slovakia for more than 183 days in a given calendar year, and/or maintains a permanent residence there. A foreign temporary resident employed in Slovakia is generally liable for tax only on his/her Slovakia-source income. If in doubt, consult a tax professional about your status and tax liability.

Any individual in Slovakia is liable for tax on his/her income as an employee as well as on income as a self-employed person.

All individual and corporate income is taxed at a flat rate of 19%, which gives Slovakia one of the most liberal tax systems in all of Europe.

There is no inheritance tax, gift tax or taxation of dividends in Slovakia.

Capital gains are generally viewed as taxable income.

The Slovak Republic is signatory to Double Taxation treaties with the majority of developed nations worldwide.

Real estate tax is imposed upon all individuals and corporations that own land and/or real estate, commercial or private. The tax is based upon location, nature of business, square footage etc. For specifics you should consult an international real estate tax specialist.

Rental income is treated as taxable income, and is subject to the standard 19% rate. Interest on loans undertaken to finance the purchase of real estate may be deducted from the taxable rental income.

Prior to 2005, a real estate transfer tax was levied at 3% of the sales price or the official valuation of the property, whichever was higher. Effective January 1, 2005 real estate transfer taxes were scheduled to be abolished. It is advisable to contact a real estate tax professional for clarification of these areas as regulations change often.


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