Slovak Republic to Reintroduce Tax Licenses and Implement Other Tax Changes to Improve Public Finances

The Ministry of Finance of the Slovak Republic has published a draft law containing measures in connection with improving the state of public finances. The measures include:

• Increasing the individual income tax rate for dividends from 7% to 10%;
• Reintroducing 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 EUR 50,000, but is less than EUR 250,000;
  • EUR 1,920 if t…