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Value Added Tax in Slovakia
- The V.A.T. rate in Slovakia is 19%. There is also a reduced VAT rate of 10%, mainly for medicines.
- V.A.T. is charged on assets and services provided in Slovakia as well as on imports into Slovakia.
- In many cases, exports are not subject to value added tax. Similarly financial and banking services, insurance, educational services and the rental of real estate, other than new properties, are exempt from V.A.T.
- The owner of a business, whose receipts exceed EU 35,000 over a period of 12 months is obliged to register with the VAT offices.
- V.A.T is reported each month or quarter. The VAT is paid by the 25th day following the reporting period.
Inheritance and Gift Tax in Slovakia
- From 1.1.2004 Inheritance and Gift tax were abolished in Slovakia.
Slovakia Local Taxes
Local municipalities in Slovakia impose specific taxes.
Slovakia Real Estate Taxes
- The tax, which is imposed on an annual basis, is applicable to plots, apartments and buildings.
- Tax on land per year is 0.25% of the tax base.
- Tax on buildings is SK 1.0 per square meter.
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