Slovak tax law undergoes some important changes in 2025: The general VAT rate rises from 20 % to 23 %. Income tax and corporate income tax rates for small companies with yearly sales figures of up to 100,000 Euro will be reduced to 15 % and 10 % respectively whereas the corporate income tax rate for companies achieving sales of over 5 million Euro will be increased to 24 %. The year 2025 also sees the implementation of a financial transaction tax concerning business entities and affecting transactions involving business accounts.
