Daňové priznanie (tax return) is an annual tax declaration where you report your income from the previous year to the government and calculate your income tax. You submit it to the tax office (Finančná správa).
Who must submit
- Živnostníci (holders of a sole-trader licence) and other self-employed people — almost always.
- Employees — if they had several employers, income from abroad, or other income and did not ask their employer to do an annual tax reconciliation (ročné zúčtovanie).
There are two main types: type A — only for income from an employment contract, and type B — for entrepreneurs and mixed income. You can submit it electronically through the Finančná správa portal; electronic submission is mandatory for entrepreneurs. Usually, the declaration is submitted at the beginning of the year for the previous year, and the calculated tax must be paid by the same deadline. If your employer withheld more tax than necessary during the year, you can get a refund of the overpayment through the declaration — so sometimes it is beneficial to submit it even if you are not required to.
