Tax Rates

We can indicate you which local taxes are applied to your product.

Accounting Rules

Tax year

The fiscal year begins on 1 January and ends on 31 December of the same year.

Accounting standards

Slovak accounting standards (SAS), IFRS for large companies.

Accounting regulation bodies

Ministry of Finance

Accounting reports

Businessmen and all commercial companies in Slovakia have to keep and prepare annually certain accounting documents:
- the balance sheet
- the profit and loss account
- the notes to the accounts
The structure of accounts as well as the balance sheet and the profit and loss account are inspired by the French model. European companies listed on the Stock Exchange must draw up their consolidated annual accounts on the basis of the standards of the IAS/IFRS.

Publication requirements

Accounts are published annually.
Two schemas of publication for financial information are possible :
- A complete document for companies which are obliged to be audited by an independent auditor. These are companies listed on the Stock Exchange and companies which correspond to two of the following three criteria: the total of the balance sheet is over EUR 660,000; the net turnover is over EUR 1.3 million and the number of persons employed is over 20.
- An abbreviated document for businessmen and companies which do not have to audit their accounts.

Professional accountancy bodies

SKAu
SAF

Certification and auditing

The Law on Accounting describes conditions under which companies must have their financial statements audited by a certified auditor. You can contact an external auditor: KPMG, Deloitte, Cascaya Slovakia, Ernst&Young, PricewaterhouseCoopers.

Accounting news

Einnews
IAS Plus