The draft bill exempts foreign subsidiaries/branches with prior taxable income under EUR 100,000 and individual entrepreneurs from the financial transactions tax.
The Slovak Republic’s Ministry of Finance is consulting on a draft bill to narrow the scope of taxpayers for the Financial Transactions Tax (FTT), effective April 2025.
The draft bill proposes exempting subsidiaries and branches of foreign entities from the Financial Transactions Tax if their taxable income in their prior tax period is under EUR 100,000. It also includes a general exemption for individual entrepreneurs.
The draft legislation is set to take effect on 15 October 2025.
For a draft bill to become law, it must be approved by Parliament, signed by the President, and published in the Collection of Laws.
Earlier, the Slovak Republic Parliament accepted a draft bill to amend the Financial Transaction Tax (FTT) Act on 15 April 2025.
