Frequently Asked Questions

For s.r.o. companies and individual entrepreneurs (živnostník) in Slovakia, the same general rule applies for filing the annual income tax return. Both types of taxpayers must submit the return by March 31 of the year following the tax period. If needed, the deadline can be extended: the standard extension is 3 months, in which case the return may be filed by June 30; if the s.r.o. or individual entrepreneur has income from abroad, the deadline can be extended by 6 months, allowing submission until September 30. The extension must be submitted in advance electronically through the Financial Administration portal, and the new deadline automatically applies to the tax payment as well.

Yes, sole proprietors (individual entrepreneurs) in Slovakia are required to maintain accounting records. Depending on their turnover and tax regime, they can use simplified (tax) accounting or double-entry bookkeeping. Up to a certain turnover threshold, it is permitted to use cash-based tax accounting (jednoduché účtovníctvo).