In Slovakia, there is 19% natural person income tax rate. From the point of view of Europe, Slovakia has a standard tax system. Income Tax Act controls the income tax, where there is a difference between a natural person and legal entity (hereinafter only "LE"). It follows that these two…

On 20 July 2016, the draft budget for 2017 was agreed upon. Compared with the budget for 2016, liabilities increase by 0.9% and reduction of payments by 7.0%. The council wants to maintain the particularly high level of support that is provided since 2015 to help the Member States who…

In the last quarter of last year, the Slovak economy increased its tempo. Compared to the same period in 2014, the GDP (gross domestic product) increased by 4.2% in the fourth quarter of 2015 Slovak economy reached the fastest tempo in five years. The best analysts estimated the GDP to…

Since the Slovak Republic split with the Czech Republic, the Slovak economy is doing better because it has bigger performance than the Czech one! In 1993, the Slovak economy performance reached approx. 60% of the Czech economy performance. Well, in 2011, the Slovak economy reached 90% of the Czech economy…

Companies’ taxes are decreasing to 22%! But at the same time, next year we are expecting tax licenses, which were introduced only recently. The specific amount cannot be determined exactly since the amount of tax depends on the company's sales and on the fact, whether the company is or is…