Slovak Republic

Overview

Last reviewed - 10 February 2022

The Slovak Republic (Slovakia) is a landlocked country in Central Europe. It is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east, and Hungary to the south. Its capital is Bratislava. The official language of the Slovak Republic is Slovak, and the currency is the euro (EUR).

Slovakia joined both the North Atlantic Treaty Organization (NATO) and the European Union (EU) in the spring of 2004 and the Euro area on 1 January 2009. Slovakia has made significant economic reforms since its separation from the Czech Republic in 1993. Reforms to the taxation, healthcare, pension, and social welfare systems have helped Slovakia to consolidate its budget.

The 3Q 2021 gross domestic product (GDP) grew year-on-year by 1.3% . As of November 2021, the unemployment rate reported by the Statistical Office of the Slovak Republic is 6.64%.

PwC Slovakia has a great deal of experience helping firms identify and assess tax risks or opportunities. We can help formulate effective strategies to optimise taxes, implement innovative tax planning ideas, and maintain compliance.

Reducing cost and managing risk is fundamental to shareholder value. We assist in the process by advising on all corporate and local business tax issues. This includes advice on structuring investments in the Slovak Republic and on claiming inward investment incentives. We perform tax due diligence, transfer-pricing reviews, and internal tax reviews. We can also advise on restructuring companies, including pre-exit and post-acquisition transformations.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)

21

Corporate income tax (CIT) due dates
CIT return due date

Within three months following the fiscal year-end. Extension of up to additional six months possible if conditions met.

CIT final payment due date

Within three months following the fiscal year-end. Extension of up to additional six months possible if conditions met.

CIT estimated payment due dates

Advance payments of CIT must be paid monthly or quarterly during the current tax period.

Personal income tax (PIT) rates
Headline PIT rate (%)

19/25 *

*See Personal Income Tax rates section

Personal income tax (PIT) due dates
PIT return due date

31 March

PIT final payment due date

31 March

PIT estimated payment due dates

Income tax is withheld monthly at source from employment income for employees.

Value-added tax (VAT) rates
Standard VAT rate (%)

20

Withholding tax (WHT) rates
WHT rates (%) (Dividends/Interest/Royalties)

Resident: 0 or 7 / 0 or 19* / 0;

Non-resident: 7, 19, or 35 / 19 or 35* / 19 or 35*

*See the Withholding taxes section of the Corporate summary for more information.

Capital gains tax (CGT) rates
Headline corporate capital gains tax rate (%)

Capital gains are subject to the normal CIT rate.

Headline individual capital gains tax rate (%)

19

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)

NA

Inheritance and gift tax rates
Headline inheritance tax rate (%)

NA

Headline gift tax rate (%)

NA

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.