Slovakia: increase in non-taxable portion of tax base
23 Apr 2009
Slovakia
2 min read
The non-taxable portion of the tax base for individuals has increased for the tax periods 2009 and 2010:
- where the tax base is €15,387.12 or less, the non-taxable portion is €4,025.70
- where the tax base is more than €15,387.12, the non-taxable portion is calculated by subtracting 25% of the tax base from €7,872.48
There is also a change to the calculation of advance payments on income tax on employment:
- for January and February 2009, it was 1/12 of the non-taxable portion of the tax payer’s tax base above [€3,435.27] (€286.27 monthly)
- for March to December 2009, it is 1/12 of the non-taxable portion of the tax payer’s tax base above €4,025.70 (€335.47 monthly), rounded down to the nearest cent
The Finance Ministry has published a notice setting out a single procedure for calculating 1/12 of the non-taxable portion of each tax payer’s tax base.
The notice also states that, at the end of 2009, tax payers may use €4,025.70 as the threshold for calculating the non-taxable portion of their tax base even though their advance payments for January and February 2009 were based on a lower amount.
Law: amendment to Act no. 595/2003 Coll. on income tax
