Slovakia’s Parliament has passed legislation raising corporate and personal taxes from the beginning of 2013. The rate of corporate income tax would increase to 23% from 19%.
Dividends paid out of profits generated before 1 January 2004 are subject to a tax rate of 15%. This rate applies only to dividends that will be distributed until 31 December 2013 and are not exempt under the domestic tax provisions implementing the EU Parent-Subsidiary Directive.
For personal income tax, a tax rate of 25% will be applicable to the tax base exceeding 176.8 times the valid subsistence minimum (for 2013 the threshold amounts to EUR 34,401.74 a year). The amount of the tax base up to that threshold will still be taxed at a rate of 19%.
