Slovak Property Tax Overview

This article gives an overview of the main taxes that a property owner would need to deal with in Slovakia.

Personal tax number

Property owners must register themselves for tax within 30 days of the yearly rental income being greater than 500 EUR.

 

Property tax

Properties must be registered for property tax by 31^st January in the year after purchase. The tax usually amounts to less than 100 EUR/yr.

 

Health insurance

From 1^st Jan 2011 property owners in Slovakia must pay health insurance, unless they have health insurance in another country. If proof is requested by the tax office a request must be made to the national health insurance company for a waiver and proof provided of such insurance in their home country.

 

Income tax on rents

Income tax rate is 19%.

The tax year runs from 1^st January to 31^st December.

Income tax returns have to be filed by 31^st March each year.

If yearly income is less than 925.95 EUR it is not required to file an income tax return.

 

Property sales tax

Slovakian Property Transfer Tax was abolished on 1st January 2005.

 

Capital gains tax

Technically there is no such thing as capital gains tax in Slovakia. Any capital gains are treated as income which is taxed at 19%.

For non-residents, there is no capital gains tax on property if the property is held for five years or more.
For residents, the period is two years.

Slovak property purchased through a company will attract 19% tax, however this can be offset against the expenses of the company.

 

General Sales Tax (VAT)

The current rate of Slovak VAT is 20%.