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Slovak Republic Introduces Reduced Income Tax Rate for Small Companies and Entrepreneurs — Orbitax

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Slovak Republic Introduces Reduced Income Tax Rate for Small Companies and Entrepreneurs

|Approved Changes|Slovak Republic
Slovak Republic

The President of the Slovak Republic, Zuzana Čaputová, reportedly signed on 4 October 2019 the Law of 18 September 2019 on amendments to the Income Tax Act the provide for the introduction of a reduced income tax rate for companies and individual entrepreneurs with business income not exceeding EUR 100,000 per year. The reduced rate is 15%, which is down from the standard 21% rate for companies…

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