The taxpayer is a natural person: entrepreneur, legal entity or a branch office of a foreign person who is a user of payment services of a payment service provider carrying out financial transactions (i.e., a bank) and who has its registered office or place of business in the Slovak Republic, has a payment account with a bank with its registered office in the Slovak Republic or carries out its activities here.

The law specifically defines legal entities that are not taxpayers:

1. Social Insurance Agency, Matica slovenská, Slovak Academy of Sciences, Health Care Surveillance Authority;
2. Civil association, foundation, non-investment fund, non-profit organisation providing generally beneficial services, special purpose establishment of a church or religious society;
3. Special-interest association of legal entities, research and development entity, organisation with international element, Slovak Red Cross, regional tourism organisations, tourist information centres;
4. Budgetary organisation and contributory organisation, municipality and higher territorial unit.
5. Diplomatic mission, consular office, or school and school facility defined by law

Notice: Legal entities mentioned in points 1-3 must notify the bank of the fact that they are not a taxpayer, otherwise debit transactions made on their accounts will be subject to transaction tax. The bank will continuously update the details of the form of notification and the method of its delivery.

If you have not needed a business account as an entrepreneur, you will need to open one. This obligation must be fulfilled by 31 March 2025.

TIP: Open a business account with rewards in our bank. You can choose a simple Business START, a dynamic Business OPEN or a Business TOP account for a demanding client.

Read more about our business accounts HERE. (This offer applies to sole traders and small businesses.)

Any payment account of a taxpayer that is a legal entity or a branch office of a foreign person. In the case of a taxpayer who is a natural person – entrepreneur, it is the payment account on which such taxpayer carries out financial transactions related to the performance of the taxpayer’s business activity, i.e., the business account of a natural person.

If you have been using a personal account for your business, you must open a transaction account by 31 March 2025 at the latest.

TIP: Open a business account with a reward in our bank, you can choose a simple Business START, a dynamic Business OPEN or an account for a demanding client Business TOP.

You can find more information about our business accounts HERE. (This offer is valid for sole proprietors and small businesses.)

For non-cash transactions: 0.4% of the amount debited from the account, up to a maximum of EUR 40 per transaction.

For cash withdrawals: 0.8% of the amount debited from the account, with no upper limit.

For each payment (debit/credit) card used: EUR 2 per year.

• A financial transaction in which an amount of funds is debited from a taxpayer's business account;
• The use of a payment card issued to a business account for the purpose of carrying out a financial transaction;
• A recharged expense relating to the execution of a financial transaction that relates to the taxpayer's domestic activity.

Yes, the transaction tax also applies to these fees, e.g., the account maintenance fee.

Yes, the Czech UniCredit and its branch in Slovakia are, in accordance with the Act of independent payment service providers, and therefore the transfer of cash between such accounts is subject to the transaction tax.

The law provides for very many exceptions, some of which are listed below:

• Payment of taxes, levies and contributions which are revenue of the state budget, contributions to the Social Insurance Agency and contributions to health insurance;
• Transactions made between accounts of the taxpayer which are held with the same bank;
• Transactions made by payment card, excluding cash withdrawals;
• Transactions on the accounts of flat owners;
• Payment operation of handing over and returning money from the notary's custody;
• Payment operations of insolvency administrators, bailiffs and in connection with the auction security in a special account.

No transaction tax will apply to debit transactions from a business account to a personal account, as long as these accounts are held with the same bank.

No, it will not, as long as the accounts are held with the same bank, no tax applies to transfers within the same client's accounts.

Transactions made in the accounts of apartment owners and non-residential premises are not subject to tax.

If you have an account with a Slovak bank, the tax will be calculated, withheld and collected directly by the bank.

Disclaimer: If you have an account abroad, you will be responsible for calculating and paying the tax directly and you will also be the taxpayer.

The first tax year is April 2025.

Starting at the end of April in 2025, but no later than 31 July 2025.

The tax period is the calendar month.

Where a payment card is used, the tax period is the calendar year in which the payment card is used.

In this case, you must calculate and pay the tax yourself. 

The amount of the tax will be shown on the statement of account.

The client can ask the bank for an explanation within 12 calendar months from the date on which the tax was withdrawn.