Slovak banks face one of the highest tax burdens in the EU

Slovak banks face one of the highest tax burdens in the EU, complains the Slovak Banking Association. Several EU countries adopted special bank taxes or levies after the pandemic. In Slovakia, banks will pay €340m in the new tax this year, amounting to 30% of gross profits. The ratio of the levy to pre-tax profits in Slovakia is the highest in the EU and is 2.5-times higher than the EU average. The ratio of the levy to total assets is 2-times higher than the EU average. Despite the levy, banks’ profits are rising this year.

(finsider.sk)