Slovakia Gazettes Law Introducing Financial Transaction Tax

The Slovak Official Gazette Oct. 25 published Law No. 279/2024, introducing a financial transaction tax (FTT). The law includes measures: 1) setting a 0.4 percent FTT rate for bank transfers, capped at 40 euros (US$43) per transaction; 2) setting FTT rates of 0.8 percent for ATM cash withdrawals, and 2 euros (US$2.16) for the use of a payment card; 3) listing legal entities, organizational units of foreign companies, and entrepreneurs, as taxpayers, and requiring entrepreneurs to have a payment account by March 31, 2025; 4) specifying April 2025 as the first calendar-month ...