kompas

Dictionary of Slovak terms

Important words that foreigners in Slovakia come across every day — with a translation and a short explanation. Click a term to open its page.

Found 28 terms
💳
Money and taxes
Transakčná daň
Tax on financial transactions
≈0.4% from account transfers; companies pay, živnosť (sole-trader licence) — no.
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🪙
Money and taxes
Mikroodvod
Micro-contribution (reduced social security contribution)
€131.34/month social security contribution for low-income self-employed persons (from 1.7.2026).
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🧾
Money and taxes
Daňová 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 taxes
Konateľ
Head (executive body) of s.r.o.
Director of s.r.o.; without salary, still pay health insurance yourself.
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📋
Money and taxes
Kontrolný výkaz
VAT Control Report
Detailed report of the VAT payer, submitted with the declaration by the 25th.
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🧍
Money and taxes
Samoplatiteľ
Self-payer (insurance)
Someone who pays health insurance themselves (min. ~€122/month).
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Money and taxes
NČZD
Non-taxable part of the base
Tax-exempt part of income; 2026 — 5,966.73 €.
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🏢
Money and taxes
s.r.o.
LLC (limited liability company)
The most common company type in Slovakia is the equivalent of a Ukrainian LLC (limited liability company) and the main alternative to a živnosť (sole-trader licence).
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📊
Money and taxes
Ročné zúčtovanie
annual recalculation (of tax or health insurance)
Annual reconciliation of paid tax or health insurance contributions — with a refund of overpayment or additional payment.
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🧾
Money and taxes
Faktúra
Faktúra (invoice for goods or services)
A document for paying for goods or services; sole traders issue it to clients to get money.
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⚖️
Money and taxes
Exekúcia
compulsory debt collection (enforcement proceedings)
Forced debt collection by an enforcement officer — account freeze or wage garnishment. An important warning sign.
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💸
Money and taxes
Paušálne výdavky
lump-sum (fixed) expenses — simplified accounting for živnosť (sole-trader licence) expenses
Method of calculating business expenses with a fixed percentage of income, without collecting receipts.
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A dictionary of Slovak terms for foreigners

Moving to Slovakia means dozens of new words: in your documents, at appointments in government offices, in letters from the state and from your employer. The KOMPAS dictionary collects the key Slovak terms and explains them in plain English — from temporary protection status and nostrifikácia (recognition of a foreign diploma) to taxes, renting a home and visits to the doctor.

Every term has its own page with an explanation, a translation, an example of how it is used and links to related sections of the portal — education, work, legal status, housing and money. This is reference information to help you find your way, not legal advice: on important questions, always check the official source.

Frequently asked questions about the dictionary

What is the KOMPAS dictionary of terms?+

It is a guide to the Slovak words and terms you meet in documents, in government offices and in daily life: legal status, education, work, housing, healthcare and money. Each term is explained in plain English, with the original Slovak spelling.

Why do I need it?+

Slovak terms in official letters and on government websites are often hard to understand without context, and reading them wrong costs time and money. The dictionary gives a short, accurate explanation, so you know what is meant and what your next step is.

How do I use the dictionary?+

Search for a word or choose a category. Every term has its own page with an explanation, a translation, an example of how the word is used and links to related terms and sections of the portal.

Where do the terms come from, and are they accurate?+

The terms and explanations are based on official Slovak sources (ministries and government offices) and on the experience of the KOMPAS editorial team. This is reference information, not legal advice — in unclear cases, check the original source or ask a specialist.

Can I hear how a word is pronounced?+

Yes. Many terms have audio of the Slovak pronunciation — tap the sound icon on the term page to hear how the word should sound.