Slovak Republic: Living There - Tax Issues
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Living There
A personal allowance of 19.2 times the minimum subsistence amount announced 01 January every year is available to all residents. For 2007, the annual personal allowance is SKK95,616 or €2,850. A resident can also claim a tax bonus of SKK6,480 (€193) for each dependent child living with him in a common household annually provided that he earns 6 times the minimum wage (currently SKK7,600 or €227 per month) . This tax bonus would reduce the final tax liability.
A dependent spouse allowance of 19.2 times the minimum subsistence amount is available to permanent residents provided that the dependent spouse does not have income in excess of the personal allowance amount (SKK95,616 or €2,850 for 2007). Computation of the dependent spouse’s allowance is as follows: 19.2 times the subsistence amount less the spouse’s actual income.
Slovak Republic - more data and information
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