On December 19, 2023 the Slovak Parliament has approved the so-called “lex consolidation” representing a set of measures amending the particular acts. About the proposed legislation changes we informed you through our TAX News | Lex Consolidation published on December 11, 2023.
The increase of the tax rate on profit shares (dividends) from 7% to new 10 %
With except for the increase of the tax rate on profit shares (dividends) from 7% to new 10% that applies on payments of dividends from the profit generated for the period beginning on January 1, 2024 at the earliest (originally it should have been applied already to profit generated for the period beginning on January 1, 2023).
The other changes were approved as listed in our previous information.
The Act was officially published in Collection of laws on December 30, 2023 under the number 530/2023 Coll. and became effective on January 1, 2024.