The Slovak Republic Parliament has accepted a draft bill to amend the Financial Transaction Tax (FTT) Act on 15 April 2025.
The latest amendment focuses on expanding exemptions for individuals and entities. The proposed amendments seek to exempt individual entrepreneurs from the Financial Transaction Tax (FTT) and exclude low-revenue legal entities and branches of foreign entities from its scope. Low-revenue entities and foreign branches are those with taxable income of less than EUR 100,000 in the previous corporate tax period.
The proposed changes to the legislation are scheduled to take effect on 15 October 2025.
To become law, the bill must pass parliament, be signed by the President, and be published in the Collection of Laws.
Earlier, the Slovak Republic’s parliamentary speaker rejected discussion of the draft bill proposing the abolition of the financial transaction tax. Before that, the parliament reviewed a draft bill to abolish the financial transaction tax on 6 November 2024.
