How does Slovakia regulate corporate taxes?
In Slovakia, companies are subject to corporation tax which is calculated on their taxable profits. Corporation tax is generally between 19 and 23%, depending on the type of business and the amount of taxable profits. Companies in Slovakia that make taxable profits of less than €1,4 million are subject to a 19% corporation tax. Companies in Slovakia that make taxable profits above €1,4 million are subject to a 23% corporation tax. Companies in Slovakia can also benefit from certain tax exemptions, in particular for investments in venture capital and investments in information and communication technologies.
What are the tax advantages offered to companies in Slovakia?
In Slovakia, companies can benefit from several tax advantages. Companies can benefit from a reduced corporate tax rate of 19%, which is below the European average. Companies in Slovakia can also benefit from a reduced dividend tax rate of 5%. Companies in Slovakia can also benefit from a reduced capital gains tax regime of 5%. Companies in Slovakia can also benefit from a reduced capital gains tax regime of 5%. Companies in Slovakia can also benefit from a reduced interest tax regime of 5%. Companies in Slovakia can also benefit from a reduced royalty tax regime of 5%. Finally, companies in Slovakia can benefit from a tax regime for dividends paid to non-residents reduced to 5%.
What are the corporate tax rates in Slovakia?
In Slovakia, companies are taxed at a flat tax rate of 23%. Companies with an annual turnover of less than 1,2 million euros are taxed at a reduced rate of 15%. Companies in Slovakia with an annual turnover of more than €1,2 million are taxed at a rate of 19%. Companies in Slovakia with an annual turnover of more than 5 million euros are taxed at a rate of 22%. Companies in Slovakia with an annual turnover of more than €10 million are taxed at a rate of 25%.
How can companies reduce their taxes in Slovakia?
Companies can reduce their taxes in Slovakia by applying specific tax measures. Slovakia offers tax reductions for companies investing in specific economic activities, such as innovation, research and development, renewable energy and energy efficiency. Companies in Slovakia can also benefit from tax reductions for investments in regional development projects and special economic zones. Companies in Slovakia can also benefit from tax reductions for investments in sustainable development projects and environmental protection projects. Finally, companies in Slovakia can benefit from tax reductions for investments in training and skills development projects.
What tax deductions are available for businesses in Slovakia?
In Slovakia, companies can benefit from various tax deductions. The main tax deductions available for businesses in Slovakia are:
1. Investment deduction: Companies in Slovakia can benefit from a tax deduction for investments made in tangible and intangible assets.
2. Deduction for research and development: Companies in Slovakia can benefit from a tax deduction for expenses incurred in research and development.
3. Deduction for training and professional development: Companies in Slovakia can benefit from a tax deduction for expenses incurred in training and professional development.
4. Deduction for health and safety expenses: Companies can benefit from a tax deduction for expenses incurred in health and safety.
5. Deduction for environmental protection expenses: Companies in Slovakia can benefit from a tax deduction for expenses incurred in environmental protection.
6. Deduction for export promotion expenses: Companies can benefit from a tax deduction for expenses incurred in export promotion.
7. Deduction for expenses for the protection of intellectual property rights: Companies in Slovakia can benefit from a tax deduction for expenses incurred in the protection of intellectual property rights.
In addition, companies in Slovakia can benefit from other tax deductions, such as deductions for advertising and marketing expenses, deductions for transport and logistics expenses, and deductions for training and development expenses. professional.
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