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There are two main personal income tax rates levied in Slovakia: a 19% rate on income up to 176.8 times the subsistence level, which is EUR 41,445.49 as of 2023, and a 25% rate for the exceeding part of the income. Revenue generated from capital gains falls within a special tax bracket, which is subject to taxation at a rate of 19%.
For earnings between £100,000 - £125,140 employees pay the 40% higher rate income tax + removal of tax-free personal allowance + 2% NI (effectively a 67% marginal rate). The top tax rate on dividend income is 39.35%. Capital gains top tax rates are 20% for securities and 28% on property gains.
Rank Region GDP in mil EUR GDP in mil USD (PPP) 1 Bratislava Region 30,709 62,394 2 Košice Region 13,289 27,001 3 Žilina Region 12,396 25,186 4 Trnava Region 12,102
The economy of Slovakia is based upon Slovakia becoming an EU member state in 2004, and adopting the euro at the beginning of 2009. Its capital, Bratislava, is the largest financial centre in Slovakia. As of Q1 2018, the unemployment rate was 5.72%. [22] Whereas between 1970 and 1985 real incomes increased by about 50%, they fell in the 1990s.
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September 30: 2023 Slovak parliamentary election: Slovaks go to the polls to elect 150 members of the National Council. [7] October 11: Smer leader Robert Fico agrees to form a coalition government with the left-wing Hlas and ultranationalist Slovak National Party, paving the way for Fico to become Prime Minister of Slovakia for a fourth time. [8]
Fico's Fourth Cabinet is the incumbent government of Slovakia.It is a three-party coalition government composed of Direction – Social Democracy (Smer), Voice – Social Democracy (Hlas) and the Slovak National Party (SNS).
On 2 October 2023, two days after the election, president Zuzana Čaputová tasked Fico, as the leader of the now-largest parliamentary party, with forming a government within 14 days. On 3 October, she held "informal discussions" with PS's leader Michal Šimečka about the possibility of a PS-led coalition before meeting with Pellegrini and ...