Slovakia Global Employment Tax & Compliance Pulse

Recent legislative changes in Slovakia are poised to impact global employment and tax strategies significantly. To keep you informed and prepared, we're highlighting the key aspects of these reforms. 📆 Overview of Changes Following their appointment in October 2023, the Slovak government swiftly enacted amendments affecting several tax laws, including the Income Tax Act. Effective 1 January 2024, these changes have important implications for employers and investors. 🔍 Key Impacts 🎯 Increased healthcare insurance rates for employers with staff under the Slovak social security system. 🎯 Cancelling tax exemptions on certain investments leads to higher tax liabilities. 🎯 The dividend tax rate increased from 7% to 10% for profits from 2024 onwards. 🎯 Proactive Steps for Your Business: ✅ Review and update your financial and tax strategies. ✅ Seek specialized advice for a tailored approach to these updates. ✅ Empower your global talent acquisition strategy with our Global Payroll Calculator! 🌐 Quick, accurate, and always up-to-date with the latest labour and tax laws in 190 countries worldwide. ✅ Stay Informed with us. Let's talk today!