Key facts why to choose Slovakia as your next investment ... - Sario
Key facts why to choose Slovakia as your next investment ... - Sario
Key facts why to choose Slovakia as your next investment ... - Sario
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Simple and Fair Taxes<br />
The progressive business-friendly tax regime h<strong>as</strong> been in<br />
effect since January 2004. This highly competitive regime and<br />
a great advantage of the Slovak business environment h<strong>as</strong><br />
inspired several neighbouring countries <strong>to</strong> adopt a similar<br />
taxation model. All incomes are taxed at the flat rate of 19%<br />
without any progression.<br />
The VAT rate of 20% is a temporary provision reflecting<br />
current budgetary deficit and is expected <strong>to</strong> be decre<strong>as</strong>ed<br />
back <strong>to</strong> 19% in 2013.<br />
19% Flat TAX rate<br />
Corporate Income Tax<br />
Personal Income Tax<br />
19%<br />
Dividend tax<br />
Inheritance and Gift Tax<br />
Real Estate Transfer Tax<br />
0%<br />
Repatriation of profits 100%<br />
E<strong>as</strong>e of doing business<br />
B<strong>as</strong>ed on the World Bank e<strong>as</strong>e of doing business ranking<br />
considers the quality or attractiveness of the business<br />
environment. The rating fac<strong>to</strong>rs are: political and<br />
institutional environment, macroeconomic stability, market<br />
potential, private entrepreneurship support, taxation<br />
system, finance, enforcing contracts, starting and closing of<br />
a business, labour market and infr<strong>as</strong>tructure.<br />
70<br />
51<br />
56<br />
63<br />
41<br />
42<br />
46<br />
1<br />
Source: Doing Business Report 2010, World Bank, www.doingbusiness.org, 2011
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