Slovak Republic income tax law for 2024 Slovak Republic Income Tax Rates for 2024

Slovak Republic Income Tax Brackets

Tax Bracket (yearly earnings) Tax Rate (%)
€0 and up 19.00%

Slovak Republic has a flat income tax rate of 19.00% applicable to all people, regardless of income level.

How does the Slovak Republic Income Tax compare to the rest of the world?

Slovak Republic has one of the lowest income taxes in the world, charging a maximum income tax of 19.00%. Countries with similar tax brackets include Estonia with a maximum tax bracket of 21.00%, Norway with a maximum tax bracket of 24.55% and Sweden with a maximum tax bracket of 25.00%. Keep in mind that our ranking measures only nationwide income taxes, and does not account for local income taxes at state, province, or municipal levels.

Slovak Republic Income Taxes
Maximum Income Tax Income Tax Allowance World Tax Rank
19.00% €4,026 ($0 USD) 31st of 34

What is the Slovak Republic Income Tax?

Slovak Republic's personal income tax is a flat-rate income tax that must be paid yearly by all citizens to the government of Slovak Republic. Failure to pay, or underpayment of, the Slovak Republic income tax can result in high fees, fines, or jail time.

In addition to Slovak Republic's income tax, other taxes may apply to wages or profits earned, including social services, medical care, and capital gains taxes.

Slovak Republic Income Tax Allowance

Slovak Republic provides most taxpayers with an income tax allowance of €4,026, which can be kept as a tax-free personal allowance. Slovak Republic's tax credit is a basic (fixed) allowance available to all (single) taxpayers without dependents.

A tax credit is a fixed amount of money that may be kept by taxpayers without paying any income taxes. Generally, a tax credit is subtracted from your gross income before your taxable income is calculated.

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