Slovakia has opened a public consultation until 31 March 2026 on a new income tax treaty with Sri Lanka that will modernise its tax relationship by replacing the 1978 Czechoslovak-era agreement and establishing updated provisions on business profits, dividends, and interest taxation for individuals and corporations in both countries.
The Slovak Republic has initiated public consultation for a proposed income tax treaty with Sri Lanka, with the deadline for feedback set at 31 March 2026.
Once signed and ratified, this new agreement will replace the 1978 tax treaty between Sri Lanka and the former Czechoslovak Socialist Republic that currently governs tax relations between Slovakia and Sri Lanka.
Key provisions establish how taxing rights are divided between the two nations for various income types, such as business profits, dividends, and interest, while capping certain tax rates.
In the Slovak Republic, it applies to the tax on income of individuals and the tax on income of legal persons. In Sri Lanka, it covers the income tax, including taxes payable as a percentage of turnover for certain enterprises.
The treaty requires completion of signing and ratification procedures before it can enter into force.
