Information about Slovakia Minimum wage and taxes.

You can find the following information about minimum wage and taxes in Slovakia:

1. Minimum Wage: As of 2021, the gross minimum wage in Slovakia has been determined as 623.34 Euros. This fee is paid to the worker monthly.

2. Tax Rates: The tax system in Slovakia includes income tax, social security contributions and other taxes. The income tax rate varies depending on the income earned. As of 2021, income tax rates are as follows: - 19% for income up to the first 36,303 Euros - 25% for income over 36,303 euros Additionally, social security contributions are also paid in Slovakia. These premiums are shared between the employer and the employee. The employer's share is 34.09% of the employee's gross salary. The worker's share is

13.4% of his gross salary.

3. Other Taxes: Slovakia also has other taxes such as VAT (Value Added Tax). VAT rates vary depending on products and services. The general VAT rate is 20%, but lower rates such as 10% and 0% may also apply to some products and services. The above information is for general information purposes only and you are advised to contact local tax authorities to obtain detailed information about the tax system in Slovakia.

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