Corporate income tax to 19%
- Vladimír Dohnal
- Nov 18, 2021
- 1 min read
Finance Minister Igor Matovič (OĽaNO) has presented his proposal for changes in corporate taxation. He wants to cut the corporate income tax from 21% to 19%; eliminate the 15% rate for small companies; increase dividend tax from 7% to 9%; introduce a special tax on banks and energy and telecoms firms; introduce flexible depreciation of assets; and adopt group taxation for companies with the same owners. The corporate income tax cut will reduce revenue by €500m and will be financed by banks and telecoms and energy companies. E-faktúra, a new tool for fighting tax evasion, should bring €130m and other measures against tax fraud €60m.
Matovič will present changes in taxation of sole traders on Friday.
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