Slovak Parliament Approves Law to Reintroduce Tax Licenses and Implement Other Tax Changes to Improve Public Finances

The Slovak parliament has approved the law containing measures in connection with improving the state of public finances. The measures include:

• An increase in the individual income tax rate for dividends from 7% to 10% (the 7% rate continues to apply for dividends paid out of pre-2024 profits);
• The reintroduction of tax licenses (minimum taxes) for companies as follows based on taxable revenue in a tax period:
  • EUR 340 if taxable revenue reaches EUR 50,000;
  • EUR 960 if taxable revenue exceeds…