The following activities will be subject to the financial transaction tax: 

– Debit transactions on a payment account: 

• Tax rate: 0.4% of the debited amount, 

• Maximum tax: 40 euros per each financial transaction. 

– Use of a payment card issued to the transaction account: 

• Tax rate: 2 euros for the calendar year in which it was used. 

– Cash withdrawal: 

• Tax rate: 0.8% of the withdrawn amount. 

– Recharged costs associated with executing a financial transaction: 

• Tax rate: 0.4% of the amount of recharged costs; 

• Maximum tax: 40 euros if the taxpayer can prove financial transactions conducted by another person; 

• Possibility to deduct previously paid tax from the tax due. 

On April 10, 2025, the Ministry of Finance of the Slovak Republic published Guidance No. MF/008722/2025-77, providing important practical explanations for the application of the financial transaction tax law in three key areas: 

• Evaluation of the taxpayer’s activities in the territory of the Slovak Republic: ‎

The methodology is based on the definition of a permanent establishment according to the Income ‎Tax Act, extending to specifics such as e-commerce. It also demonstrates through practical ‎examples when activities in Slovakia become subject to the financial transaction tax and when they ‎do not.‎

• Taxation of recharged costs: ‎

It clarifies that if the original financial transaction is not subject to tax, tax will not be applied upon its ‎recharge. The term recharged costs also applies to cost distribution. Examples illustrate the use of ‎the 40-euro limit and tax deduction if tax has already been paid from the transaction.‎

• Cash pooling and exemption from automatic balance offset: ‎

The tax exemption may also apply to foreign payment service providers. Other transactions, ‎however, are subject to the transaction tax.‎

The methodology describes the view of the Ministry of Finance of the Slovak Republic on the practical ‎application of the financial transaction tax. The question remains as to how this interpretation will function ‎during audits and disputes—and whether it might be more appropriate to amend some topics directly in the ‎law.‎

For more information about the financial transaction tax in Slovakia, please visit the Deloitte website.‎