{"id":3121,"date":"2019-12-04T18:17:20","date_gmt":"2019-12-04T17:17:20","guid":{"rendered":"https:\/\/www.emineopartners.sk\/?p=3121"},"modified":"2022-10-27T17:22:03","modified_gmt":"2022-10-27T15:22:03","slug":"the-new-15-income-tax","status":"publish","type":"post","link":"https:\/\/www.emineopartners.sk\/en\/the-new-15-income-tax\/","title":{"rendered":"New 15% Income Tax"},"content":{"rendered":"

On 18 September 2019, Slovak parliament passed an amendment to the Income Tax<\/a> Act introducing a new 15% income tax for sole proprietors and legal entities.<\/p>\n

\"Marcel

Ing. Marcel Mur\u00e1ni, Tax Advisor<\/p><\/div>\n

In the article below we will answer some of\u00a0 the questions associated with this amendment:<\/p>\n

Since when does the reduced income tax rate apply?<\/strong><\/h3>\n

Together with the amendment to the Act, a new paragraph 52zz is added, which specifies that the new corporate and personal income tax rate will be used for the first time in the tax period following January 1, 2020. Thus, for the first time, entrepreneurs can take advantage of a lower tax\u00a0 when paying the taxes they will implement in 2021 for the tax year 2020.<\/p>\n

Whom does the reduced tax apply to?<\/strong><\/h3>\n

The new income tax rate will be available to entrepreneurs whose income (revenues) does not exceed 100,000 \u20ac for the taxation period.<\/p>\n

What if a sole\u00a0 proprietor or a company has an income of 101,000 \u20ac?<\/strong><\/h3>\n

In this case, nothing will change for the sole proprietor or legal entity. The same tax level as before will apply.<\/p>\n

The new tax rate does not guarantee a new tax rate for all transactions up to 100 000 \u20ac, but applies only to sole proprietors and entrepreneurs with a turnover up to 100 000 \u20ac.<\/p>\n

Does the new tax level apply for more companies with the same owner but revenues lower than 100 000 \u20ac?<\/strong><\/h3>\n

Yes, it does. The Act does not specify any limit on the number of legal entities owned by the same owner.<\/p>\n

If an entrepreneur is inspired by this amendment of the law and he would like to create a new company to distribute the income so that each company is below the 100000 \u20ac threshold, we recommend to all entrepreneurs to have this procedure comprehensively assessed by a tax advisor in Slovakia<\/a>.<\/p>\n

The information above on this website is intended to give you a basic overview of tax, accounting, and legal regulations. They do not in any way serve as a guide for their application in practice, which may differ significantly from the legislation in force at the time. The information on this website does not guarantee legal, accounting, tax or other professional advice or services. As such, information should not be taken as a substitute for professional consultations with accountants, tax, legal or other advisors. EMINEO PARTNERS shall not be liable and shall not be liable for any discrepancies, omissions or results obtained from the use of this information. All information and examples are provided without any guarantee of their applicability in practice. EMINEO PARTNERS is not obliged to reflect the applicable legislation on the information and examples provided on this website.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

On 18 September 2019, Slovak parliament passed an amendment to the Income Tax Act introducing…<\/p>\n","protected":false},"author":6,"featured_media":2743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[56,67,54],"tags":[66],"yoast_head":"\nNew 15% Income Tax - Emineo Partners - Finance, Audit & Tax, Legal<\/title>\n<meta name=\"description\" content=\"On 18 September 2019, Slovak parliament passed an amendment to the Income Tax Act introducing a new 15% income tax for sole proprietors and legal entities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.emineopartners.sk\/en\/the-new-15-income-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New 15% Income Tax - Emineo Partners - Finance, Audit & Tax, Legal\" \/>\n<meta property=\"og:description\" content=\"On 18 September 2019, Slovak parliament passed an amendment to the Income Tax Act introducing a new 15% income tax for sole proprietors and legal entities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.emineopartners.sk\/en\/the-new-15-income-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"Emineo Partners - Finance, Audit & Tax, Legal\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-04T17:17:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-27T15:22:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.emineopartners.sk\/wp-content\/uploads\/2019\/10\/helloquence-5fNmWej4tAA-unsplash-1024x683.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emineo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emineo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.emineopartners.sk\/en\/the-new-15-income-tax\/\",\"url\":\"https:\/\/www.emineopartners.sk\/en\/the-new-15-income-tax\/\",\"name\":\"New 15% Income Tax - Emineo Partners - Finance, Audit & Tax, Legal\",\"isPartOf\":{\"@id\":\"https:\/\/www.emineopartners.sk\/#website\"},\"datePublished\":\"2019-12-04T17:17:20+00:00\",\"dateModified\":\"2022-10-27T15:22:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.emineopartners.sk\/#\/schema\/person\/8579bbc61361360904c8588bf1c0ce5f\"},\"description\":\"On 18 September 2019, Slovak parliament passed an amendment to the Income Tax Act introducing a new 15% income tax for sole proprietors and legal entities.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.emineopartners.sk\/en\/the-new-15-income-tax\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.emineopartners.sk\/en\/the-new-15-income-tax\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.emineopartners.sk\/en\/the-new-15-income-tax\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.emineopartners.sk\/en\/uvod\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New 15% Income Tax\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.emineopartners.sk\/#website\",\"url\":\"https:\/\/www.emineopartners.sk\/\",\"name\":\"Emineo Partners - Finance, Audit & Tax, Legal\",\"description\":\"Poskytujeme komplexn\u00e9 slu\u017eby v oblasti \u00fa\u010dtovn\u00edctva, spracovania miezd a dan\u00ed. 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