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Slovakia - Overview and introduction

Slovakia - Overview and introduction

Taxation of international executives

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Slovakia TIES country image

Individuals residing in Slovakia are, in principle, subject to Slovak income tax on their worldwide income (i.e. unlimited tax liability). Non-residents are in Slovakia subject to tax only on income from Slovak sources (i.e. limited tax liability).

Slovak sourced income includes e.g. income for work performed in the territory of Slovak Republic, income from independent business done via a permanent establishment, income from services provided in Slovakia , interest income, license fees and also income derived from rental or sale of property which is located in the territory of Slovak Republic.

Double taxation treaties concluded between Slovakia and respective countries/jurisdictions may however provide exceptions to these general principles.

The official currency of Slovakia is the Euro (EUR).

Herein, the host country/jurisdiction refers to the country/jurisdiction to which the employee is assigned. The home country/jurisdiction refers to the country/jurisdiction where the assignee lives when they are not on assignment.

Disclaimer:

All information contained in this document is summarized by KPMG Slovensko Advisory, k.s., a Slovak limited liability partnership and the Slovak member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. The information contained in this publication is based on:

  • Act No. 595/2003 Coll. on Income Tax as amended,
  • Act No. 461/2003 Coll. on Social Security as amended,
  • Act No. 283/2002 Coll. on Travel Allowances as amended,
  • Act No. 404/2011 Coll. on Residence of Aliens as amended.

© 2021 KPMG Slovensko Advisory k.s., a Slovak limited partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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