Every Slovak company must keep proper accounting records. Here is what you need to know as a foreign business owner — from bookkeeping to tax returns.
Quick Answer
Slovak s.r.o. companies must file annual financial statements and tax returns. Corporate income tax is 21% (or 15% for companies with revenue under €49,790). VAT (DPH) is 23% and becomes mandatory once annual turnover exceeds €49,790.
All Slovak limited companies (s.r.o., a.s.) must maintain double-entry accounting records. This requires either a qualified in-house accountant or an external accounting service. Pricing typically ranges from €0.60 per journal entry.
Due by 31 March of the following year (extendable to 30 June with a notification to the tax authority). Corporate income tax is 21% for most companies, or 15% for small companies with annual revenue under €49,790.
Voluntary registration is possible from day one — beneficial if you have significant B2B clients. Mandatory once annual taxable turnover exceeds €49,790. Standard VAT rate: 23%. Reduced rate: 5% (food, books, selected services). VAT returns are filed monthly or quarterly.
If you employ staff in Slovakia, you must register with the Social Insurance Agency (Sociálna poisťovňa) and health insurance providers. Total employer contributions are approximately 35% on top of gross salary. Payroll filings are due monthly.
8888.sk provides clients with an online accounting system for real-time oversight of finances — journal entries, invoicing, inventory, and cash register management — with document collection by courier at agreed times.
Looking for a Slovak accountant?