Slovakia President Signs Law Amending Various Tax Measures

The Slovak President Oct. 18 signed a law amending various tax measures. The law includes measures: 1) lowering the reduced corporate tax rate to 10 percent from 15 percent, for legal entitles with income not exceeding 100,000 euros (US$107,833); 2) increasing the taxable income threshold for applying the reduced income tax rate to individual entrepreneurs and legal entities, to 100,000 euros from 60,000 euros (US$64,699), to support small and medium-sized enterprises (SMEs); 3) introducing a 22 percent corporate tax rate for legal entities with income over 1 million euros (US$1 million); 4) generally abolishing the tax bonus for dependent children ...