ESTONIAN TAX IN SLOVAKIA?

ESTONIAN TAX IN SLOVAKIA? Even if the tax consolidation package is the topic now, it is not forbidden to dream. And I dream of structural changes and reforms. The Estonian tax has been talked about in several forums and even mentioned as an inspirational model for Slovakia before the elections. Estonia is known for its unique approach to taxation of profits. But most importantly, Estonia has the best tax system in OECD countries in terms of competitiveness and tax neutrality. And few people know that Slovakia is second in this ranking (2023). But only in the area of personal income tax (for personal income tax we are in 18th place out of 38 countries). For those FOs, it is mainly due to the simplicity of how they are taxed in Slovakia. For example, thanks to generous lump-sum expenses (whose primary purpose is not tax optimization, but to reduce administration), sole traders can spend so much on the related administrative agenda: ➡️ 1 hour/year; and
➡️ EUR 100/year for completing the tax return. Anyway, in the next Highgate Law & Tax podcast with Lenka Buchláková I discussed how such a unique Estonian tax regime works, whether it is applicable in Slovakia and whether in today’s realities it is even possible to proceed with such a reformative legislative venture.

https://lnkd.in/eEs-keeg