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Slovakia: Flat Tax Replaced New Tax Model

Published: December 5, 2012; 19:37 · (Vindobona)

After nine years, Slovakia abolishes the flat tax. Corporate profit tax was increased from 19% to 23%.

Slovakia: Flat Tax Replaced New Tax Model / Picture: ©

Today, the Slovak Parliament decided to abolish the flat tax. In 2003, the flat tax was introduced and helped Slovakia to attract foreign direct investments. Now, company profits are taxed at a rate of 23%. As a result, the attractiveness of the Slovakian business location is massively concerned of the austerity policies. For foreign investors, the relatively low tax rate was seen as…

This article includes a total of 160 words.

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