Slovak Government Approves Tax Law Amendments including Corporate and Dividends Tax Changes

The Slovak government has reportedly approved several draft amendments to the income tax law. The main changes affecting corporate taxpayers include:

• The corporate tax rate will be reduced from 22% to 21%;
• The 35% withholding tax for certain payments to non-treaty/TIEA jurisdictions will be extended to dividends (dividend payments to jurisdictions that have a treaty/TIEA remain exempt);
• A 35% tax will apply on dividends received from non-treaty/TIEA jurisdictions; and
• Unilateral, bilateral a…