Thinking of contracting?
From early planning advice to emergency payroll for imminent work, Link Global Management can help you with your work arrangements.
Get in touch with one of our advisors now using the phone number at the top of the page, or use our online form and email services.
Payroll Services for
Slovakia Contractors
Employment status in Slovakia
Thinking of contracting?
From early planning advice to emergency payroll for imminent work, Link Global Management can help you with your work arrangements.
Get in touch with one of our advisors now using the phone number at the top of the page, or use our online form and email services.
Link Global Management can provide a full range of payroll services in Slovakia. The individual will be engaged on our payroll and income is paid in the form of salary, allowances and expenses, the proportion of each part depending on individual circumstances.
Salary, Tax & Social Security
Link Global Management deducts tax and social security at source on a PAYE basis, and payments are made to the relevant authorities on the employee's behalf. The taxable amount may be reduced by offsetting certain business expenses. There are different tax rates and bands according to earnings level and marital/family status.
Link Global Management will discuss your personal circumstances with you and help you to minimise your tax and social security liabilities, within the boundaries of Slovakian legislation.
Tax Returns
Income is managed tax efficiently, not just in Slovakia but also in any other country where there may be a liability. A tax return is filed each year in Slovakia with advice and assistance from Link Global Management who will also provide help with filing tax returns elsewhere, if required.
Income tax in Slovakia
Slovak residents are subject to tax on their worldwide income. Nonresidents are subject to tax on their Slovak-source income only.
Individuals who have permanent residency in the Slovak Republic are considered tax residents in the Slovak Republic. I n addition, any person physically present (that is, usually staying) in the Slovak Republic for at least 183 days in a calendar year is considered resident for tax purposes. For purposes of the 183-day test, each whole or partial day spent in the Slovak Republic during the calendar year counts toward the number of days.
Individuals assigned by a foreign employer to the Slovak Republic who continue to be employed and paid by the foreign employer and who perform work for and under the instruction of a Slovak resident individual or legal entity are deemed to be employed by the Slovak resident individual or legal entity and subject to monthly withholding of personaI income tax from their employment income.
The basic tax rate is 19%. The annual tax base exceeding €34,401 is taxed at a rate of 25%.
Thinking of contracting in Slovakia?
