New reduced social security contribution for entrepreneurs (SZČO), introduced by the reform from July 1, 2026. If the income for the previous year is between €2,877–€9,144, instead of the full minimum, they pay a fixed mikroodvod of €131.34/month. For income below the threshold, the social security contribution is €0, for higher income – the full minimum (about €303/month).
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Money and taxes
Mikroodvod
Micro-contribution (reduced social security contribution)
What does “Mikroodvod” mean in Slovakia?
Important. Medical contribution (minimum €121.92/month) is paid separately and almost always.
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Money and taxesTransakčná daň
Tax on financial transactions
≈0.4% from account transfers; companies pay, živnosť (sole-trader licence) — no.
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Money and taxesDaňová licencia
Minimum tax (for s.r.o.)
Minimum tax of €340/year for a legal entity (právnická osoba) even if there is a loss.
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Money and taxesKonateľ
Head (executive body) of s.r.o.
Director of s.r.o.; without salary, still pay health insurance yourself.
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