Slovak Republic

The European Union (EU) Directive on a global minimum level of taxation was transposed to the Slovak legislation in 2023. According to the adopted legislation, Slovakia has introduced only the qualified domestic minimum top-up tax (QDMTT), applicable form 1 January 2024. For more details, please refer to 'EU Directive on a global minimum tax' in the Taxes on corporate income section.

Additionally, the spin-off concept has been introduced into the Slovak commercial law along with the relevant tax provisions. The relevant legislative provisions took effect from 1 March 2024. Generally, the tax rules for spin-offs follows the already existing tax rules for mergers and de-mergers, i.e. the transaction should be done at fair market value in most cases.

Note that the tax legislation in the Slovak Republic (Slovakia) is subject to frequent amendments and new official interpretations; consequently, it is advisable to contact PwC Slovakia for up-to-date information.

As of 1 January 2025, a new consolidation package came into effect bringing significant changes to corporate income tax (CIT) and value-added tax (VAT) rates. A new financial transactions tax (FTT) and tax on sweetened soft drinks (sugar tax) were introduced from 1 January 2025.

From 1 January 2026, the next phase of consolidation is in place, including an increase in progressive personal income tax (PIT) rates, as well as adjustments to the non-taxable allowance. Please see more information in the relevant sections.