Slovak Parliament Considering Reduction in Corporate Tax Rates and Extension of Carryforward Period for Losses and R&D Deductions

The Slovak parliament is considering a draft bill that would reduce the corporate tax rates applied in the Country. This includes:

• A reduction in the standard corporate tax rates from 21% and 24% for taxpayers with taxable income exceeding EUR 5 million to a single rate of 16%; and
• A reduction in the reduced corporate tax rate from 10% to 9% for small taxpayers with taxable income not exceeding EUR 100,000.

The parliament is also considering a draft bill that would extend the loss carryf…