Application of the tax bonus where a “pandemic” benefit is used

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On 29 January 2021, the National Council of the Slovak Republic approved an amendment to Act No. 67/2020 Z. z., on certain exceptional financial measures concerning the spread of COVID-19, as amended. The amendment also deals with the adjustment of the conditions for the application of the tax bonus.

The aim is to alleviate the conditions for applying the tax bonus for a dependent child. According to the amendment, “pandemic” benefits and contributions received by the taxpayer in 2020 that are tax exempt will also be included in the taxable income when assessing the right to a tax bonus for 2020, including “pandemic” sickness and care-giver’s allowance, the contribution provided within the active labour market policy and subsidies provided to the cultural community from the Ministry of Culture of the Slovak Republic.

Employees that did not achieve the taxable income higher than 6 times the minimum wage were obliged to notify the employer by 15 February 2021 on the amount of “pandemic” contributions received for purpose of application of the tax bonus.

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