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Slovakia: Flat Tax Replaced New Tax Model
Politics ♦
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: © Vindobona.org
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…
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