Several legislative changes affecting tax and economic conditions for self-employed persons (SZČO), limited liability companies (Sro) and employers will come into effect in Slovakia from 1 January 2025. This overview provides up-to-date information on minimum health insurance, tax rates, child tax bonus, tax return filing deadlines, minimum wage and meal allowances.
Minimum health insurance: Health insurance contributions for self-employed persons are calculated from the minimum assessment base, which from 1 January 2025 represents €715 per month (50% of the average monthly wage for 2023, which was €1,430). The minimum monthly advance for health insurance will therefore be €100.10 (14% of €715).
Minimum after-tax profit for the purpose of renewing temporary residence: To renew temporary residence for business purposes, it is necessary to prove sufficient income. The amount for submitting an application by 1.7.2025 is 5479.80 EUR , from 1.7.2025 the amount will change.
Income tax – rate: From 2025, the taxable income threshold for the application of a reduced income tax rate is increasing. Self-employed persons with an annual income of up to €100,000 will be subject to a reduced tax rate of 15%. For income above €100,000, a progressive rate applies: 19% for the part of the tax base up to €47,537.98 and 25% for the part exceeding this amount.
VAT - rate: The basic value added tax (VAT) rate increases to 23% from January 1, 2025 for goods and services not included in selected groups, see below.
Selected goods or services | VAT rate valid in 2025 |
Selected foods | 5% |
Other foods | 19% |
Medicines and selected medical devices | 5% |
Electricity | 19% |
Other energy sources | 23% |
Books, textbooks, printed matter and music | 5% |
Electronic books, audio books | 5% |
Goods and services supplied by a registered social enterprise | 5% |
Accommodation services | 5% |
Restaurant and catering services - serving meals | 5% |
Restaurant and catering services - serving non-alcoholic beverages | 19% |
Restaurant and catering services - serving alcohol | 23% |
Transport of persons by cable cars, funiculars, ski lifts | 23% |
Entrance fee to artificial swimming pools | 23% |
Child tax bonus: from 2025, these amounts will be adjusted so that families will receive a maximum of €100 per child under 15 and a maximum of €50 per child between 15 and 18. The amount of the tax bonus also depends on the number of children and gross income. The amount of the tax bonus will be capped. If your average monthly income exceeds €2,470, your tax bonus will start to decrease and if your income exceeds €3,630 per month, you will no longer be entitled to the tax bonus.
Tax return filing date: The standard deadline for filing an income tax return for the previous year is March 31. If necessary, a deferral can be requested, but not more than three months until June 30, 2025.
Minimum profit after tax for the purpose of renewing temporary residence: Similar to self-employed persons, sro must also demonstrate sufficient profit after tax for the purpose of renewing temporary residence. When submitting an application by 1.7.2025, the minimum amount of profit after tax is EUR 16,439.40.
Income tax – rate: From 1.1.2025, a reduced income tax rate of 10% is introduced for legal entities with annual income up to €100,000. For income above €100,000, a standard rate of 21% is applied. For income above €5,000,000, a standard rate of 24% is applied.
VAT: The basic rate of value added tax (VAT) increases to 23% from January 1, 2025 for goods and services not included in selected groups, see table above.
Tax return filing date: The standard deadline for filing income tax returns for the previous year is March 31. If necessary, a deferral of up to three months is possible.
Minimum wage: From 1 January 2025, the minimum monthly wage will increase to €816 for the first level of work intensity. The hourly minimum wage for a 40-hour working week will be €4,690.
Minimum price of a meal ticket: According to the Labor Code, the employer is obliged to provide the employee with a meal allowance of at least 55% of the price of the meal and up to 55% of the meal allowance for each meal provided during a business trip lasting 5 to 12 hours. In practice, this means that the amount of the meal allowance increases to €4.57, which is 55% of €8.30.
The non-taxable part of the tax base: is €5,753.79 per year, the monthly applied NČZD is €479.48.
We are proud of our clients - both long-term and new ones.
They put their trust in our hands at the start of the business and many of them are still with us.
Ubique is a branch of an English staffing agency that provides Tata Technologies (an Indian multinational company engaged in technology and IT services in the automotive and aerospace industries) with the transfer of highly qualified IT workers from India to the Jaguar Land Rover plant in Nitra. We helped the Ubique agency to secure the immigration agenda for the transfer of workers. This collaboration has been going on for years and we are happy to help Ubique.
Since 1994, Slovak company Slovakodata has been dedicated not only to SAP implementation of processes in banking, insurance, public administration and industry. Our company provides legal services in the area of the Commercial Register. We are proud to be a long-term supplier of this company.
Schneider Electric SE is a French multinational company that specializes in digital automation and energy management. It covers homes, buildings, data centers, infrastructure and industries through a combination of energy technology, real-time automation, software and services. We are glad that we can help her with the mobility of employees between companies in individual European countries.
We are very happy that we could help with the relocation of the Boroumand family to Slovakia from Iran, and thanks to us they started doing business in a new environment. We are very proud of them, son Yasha started studying in Slovakia at a prestigious American academy and later got to the technical university in Vienna.
ISPER was founded in 2005 as a local internet service provider. Since its inception, it has been actively building and improving its optical and radio network, through which it provides services to end users.
Currently, ISPER operates more than 50 km of its own optical routes, more than 100 connecting transmitters, 5 server rooms and data centers - all this for its several thousand satisfied residential, home and corporate clients.
SMARTUP helped ISPER in establishing business companies as well as in employing foreigners.
It is a leading manufacturer and provider of perimeter fencing and industrial mesh. The company has been a world leader in perimeter protection for over 135 years and their products are available in over 100 countries. Betafence also has its branch in Slovakia, and our company provided them with legal advice.