On 1 July 2020, the measure of the Ministry of Labour, Social Affairs and Family of the Slovak Republic of 19 June 2020 on the adjustment of the subsistence minimum amounts took effect. This change affects, inter alia, the amount of the non-taxable part of the taxpayer’s tax base, which thus increases from the original EUR 4,414.20 valid for 2020 to the new amount of EUR 4,511.43, to be used in the calculation of the tax liability for 2021.
To this effect, also the limit for the calculation of the personal income tax base is changed, and will be subject to a 25% tax rate if exceeded. The limit amounts to EUR 37,981.94 per year, i.e. EUR 3,165.16 per month.