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Slovak Parliament Considering Reduction in Corporate Tax Rates and Extension of Carryforward Period for Losses and R&D Deductions

31 January 2025

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Proposed Changes

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Slovak Republic

The Slovak parliament is considering a draft bill that would reduce the corporate tax rates applied in the Country. This includes: A reduction in the standard corporate tax rates from 21% and 24% for taxpayers with taxable income exceeding EUR 5 million to a single rate of 16%; and A reduction in the reduced corporate tax rate from 10% to 9% for small taxpayers with taxable income not exceeding EUR 100,000. The parliament is also considering a draft bill that would extend the loss carryforward limit from 5 years to 15 years. The limit for carrying forward excess R&D cost...