XXAs of
2021 the category of micro-taxpayer has been introduced. A micro-taxpayer is an individual– entrepreneur, i. e. a self-employed person or a legal person whose taxable income (revenues) for the taxable period do not exceed the amount of EUR 49,780. The micro-taxpayer status can be obtained for the first time in the taxable period starting on 1 January 2021 at the earliest. The micro-taxpayers will obtain certain advantages as compared to other taxpayers.
Taxable persons XXCorporate
income tax is levied on legal entities, most notably, joint-stock companies (a.s.), limited liability companies (s.r.o.) and cooperative enterprises. General and limited partnerships are also legal entities for corporate income tax purposes. However, general partnerships are taxed only on income that is subject to with-holding tax, and their (other) profits are taxed in the hands of the general partners. Limited partnerships are subject to corporate income tax only on the income attributable to the limited element of the partnership, and the other part of the income is taxed in the hands of the general partners.
XXOther
resident entities that are not registered in the commercial register, such as associations and foundations, are subject to corporate income tax, in general, to the extent they carry on a business. All the above-mentioned entities are hereafter referred to as companies.
Residence
XXA company is treated as resident if it has its legal seat or
place of effective management in the Slovak Republic.
Taxable income
XXResident companies
are taxable on their worldwide income. Unless specific rules apply, income derived from any type of activity or from the disposal of property is subject to corporate income tax.
XXTaxable
income is the difference between income and expenses incurred in obtaining that income. The taxable income is computed on the basis of the accounting profits and is adjusted for several items as described in the tax law. The taxable income of taxpayers using double-entry bookkeeping is assessed on an accrual basis (with a few minor exceptions), while that of taxpayers using single entry bookkeeping is assessed on a cash basis. A special withholding tax system is applicable to certain types of income.
Exempt income XXExempt
income includes, in particular:
–– dividends, if paid out of profits derived by the
distributing company on or after 1 January 2004 (Anti -abuse rules with respect to dividends have been implemented since 1 January 2016 –when received dividends would lead
MY DESTINATION SLOVAKIA
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