5. Tax indicators in Slovakia

The term non-taxable portion of the taxable amount is the statutory value for tax purposes of the taxpayer's tax base, which is based on the subsistence level. The amount of the tax base is related to the amount of the non-taxable portion. The Income Tax sets a limit of 100 times the amount of the applicable living wage. If the tax base is lower or equal to 100 times the living wage, the non-taxable portion of the tax base per year is calculated at 19.2 multiple of living wage. If the taxable amount of the taxpayer's tax exceeds the amount of 100 times of living wage, the non-taxable portion of the taxable amount is calculated as the difference of 44.2 times of living wage and ¼ of the tax base. If the result is equal to or less than zero, the nontaxable portion is zero. The non-taxable amount of the taxable amount of the taxable person cannot be claimed by the taxpayer who, from the beginning of the tax period (from 1 January), receives a retirement pension, early retirement pension, social security reimbursement premium, old-age pension, retirement pension or foreign compulsory insurance pension, to whom a retirement pension has been redeemed at the beginning of the current or previous tax period (calendar year), and at the same time, if his or her pension is higher than the nontaxable portion of the taxable person's tax base. Where the amount of the retirement pension is

Table 6. Non-taxable portion in Slovakia.

lower than the amount of the taxable amount of the taxable amount of the taxable amount, the taxpayer is entitled to claim only the difference between the non-taxable portion of the taxable amount of the taxpayer and the retirement pension (Table 6).

Non-taxable portion of the tax base

settlement of deductions for tax on dependent activity. The tax return is required to be paid by an employee who has income from dependent activity from several employers or other types of taxable income. Tax returns are required to be filed by natural persons whose earnings for a taxable period do not exceed 50% of the taxable amount of tax on the taxpayer but show a tax

The term non-taxable portion of the taxable amount is the statutory value for tax purposes of the taxpayer's tax base, which is based on the subsistence level. The amount of the tax base is related to the amount of the non-taxable portion. The Income Tax sets a limit of 100 times the amount of the applicable living wage. If the tax base is lower or equal to 100 times the living wage, the non-taxable portion of the tax base per year is calculated at 19.2 multiple of living wage. If the taxable amount of the taxpayer's tax exceeds the amount of 100 times of living wage, the non-taxable portion of the taxable amount is calculated as the difference of 44.2 times of living wage and ¼ of the tax base. If the result is equal to or less than zero, the nontaxable portion is zero. The non-taxable amount of the taxable amount of the taxable person cannot be claimed by the taxpayer who, from the beginning of the tax period (from 1 January), receives a retirement pension, early retirement pension, social security reimbursement premium, old-age pension, retirement pension or foreign compulsory insurance pension, to whom a retirement pension has been redeemed at the beginning of the current or previous tax period (calendar year), and at the same time, if his or her pension is higher than the nontaxable portion of the taxable person's tax base. Where the amount of the retirement pension is

Years Month part Year part 30.6.2017 316.94 € 3803.33 € 316.94 € 3803.33 € 316.94 € 3803.33 € 316.94 € 3803.33 € 311.32 € 3735.94 € 303.72 € 3644.74 € 296.60 € 3559.30 € 355.48 € 4025.70 € 355.48 € 4025.70 € 272.46 € 3269.47 € 264.49 € 3173.87 €

loss. The tax return is also filed by a lawyer, a PO person (Figure 3).

5. Tax indicators in Slovakia

48 Taxes and Taxation Trends

Source: Ref. [9].

Table 6. Non-taxable portion in Slovakia.