Government wants to tax income hidden in tax havens
- Vladimír Dohnal
- Jul 24, 2020
- 1 min read
Finance Minister Eduard Heger, in a revision to the Income Tax Act, aims to tax individuals hiding their income in tax havens. Individuals will be taxed on income generated by companies under their control, even if the profits are not paid out as dividends but remain parked in tax havens. The rate will be 7%, or 35% for profits of companies from non-cooperating countries, such as the Seychelles and Panama.
Recent Posts
See AllThe €250,000 price of an apartment in Bratislava includes the cost of the land (€50,000) and the 5-year permitting process (€30,000),...
Volkswagen 's Bratislava plant tried to win production of the electric VW ID.1 model, but despite ranking well in internal VW plant...
Slovakia’s employment rate among the 20 to 64-year-olds rose to a record high last year and was higher compared to the EU’s average of...
