Tax Returns
For apartment owners in Slovakia: Tax Return Deadline 31st of March 2012!
Important information about the tax returns in Slovakia:
Every apartment owner is required by law to register at the Slovak Tax Authority when realizing rental income from property in Slovakia. Those who do not have a company but own the property as private persons must apply for a Tax ID. The tax on rental income is 19% – however, there are significant tax incentives available for individuals who provide housing in Slovakia:
- Deductable amount for rental activity (odpočítateľná položka): currently 500 euros
- Across-the-board tax cut (paušálne výdavky): currently 40%
- Deductable amount for the tax payer (odpočítateľná položka pre daňovníka): currently 3559.30 euros
Net rent and utilities (energies, as they are called in Slovakia) are always combined to form the total rental income of an apartment.
Because of these insentives, it is possible to arrive at a zero figure for tax in a given year. In this case a Tax Return still has to be submitted.
CE Invest will prepare and submit the tax return for you, issue rental invoices, and do the accounting for an annual fee. It is also possible to perform a mock tax audit and calculate unpaid tax in retrospect. Our Tax Return services include:
- Request a Tax ID from Tax Authority
- Issue monthly invoices to tenant
- Prepare & submit annual tax returns
- Consult with accountant in case of irregularities and new regulations
- Prepare report for property owner
Please let us know if you need assistance with this service and we will send you details of how to proceed to fit the deadline and avoid penalties by tax authority.
