• IndexIndex
• FAQFAQ
• ServicesServices
• ContactContact

Slovakian company & taxation

In the Middle Europian area the most popular getaway is to establish a Slovak business company. The main reason is not only the auspicious taxation – other states dispose with it too – but it is the most optimal option how to run an europian company because of it’s good availability and also it has good services for function of the company and office.

Some arguments why diceded over ten thousand companies to establish slovak business company:
In 2004 Slovakia introduced flat 19% rate tax system. So income tax of individuals and corporate tax is equally 19%. There are no local taxes like ……The other adventage of this tax system is the transparency. With some knowledge of accounting also the small business owners will be able to see the amount of taxes. Of course you will need to have a good accountant, but it helps a lot to make better decisions during the year. Additionally expense accounting in Slovak taxation is more real than in any other european countries.

• To establish a company s.r.o – Ltd. or a.s. – Inc. you won’t need to be slovakian citizen

Prosperous trade environment :

Slovakia disposes with one of the most dinamically developing economy in EU. The slovakian economy shows appreciable development. The number of profitable small - and medium-size enterprises is growing and in the purchasing power shows continuous increase . So to say shortly the labyrinths of the complicated taxation do not arrest the firms , so they are able to concentrate on the profit and the development of the company.

Prosperous tax environment

Corporation tax - 19 %
Income tax - 19 %
VAT - 20 %
Local tax - NONE

Prosperous payment expenses

- It is not obligatory to employ a manager in labor relation
- 4 hour part-time employment is accepted

19 % Profits tax

After the payment of 19% profit tax there is not other tax expense ( there is not tax on dividends and there is not other obligation in Slovakia )
The produced taxed profit can be used freely in cases whitch are allowed by the conventions avoiding the double taxation.

20 % VAT

Real expense accounting

An additional benefit appears in aspect of the expense descriptions, because in the Slovak fiscal system is possible the favourable settlement of several expenses.

Favourable motor vehicle shopping and company car expenses

Several station wagons and land rovers can be examined as a commercial motor vehicle in group N1.
The expenses of the moter vehicle registered in EU in other member state can be settlement in the Slovak ltd., if it constitutes the property of the company or the manager.