The Ministry of Finance of the Slovak Republic published on its website the list of the countries, with which it has concluded a Treaty on the avoidance of double taxation or a Treaty on the exchange of information on tax matters, as well as the countries that are parties to multilateral conventions containing provisions on the exchange of information on tax matters - collectively comprising the so called "White List", valid from 1 January 2018.
In comparison to 2017, the following 10 countries were added to the White List:
- Cook Islands
- Marshall Islands
- Santa Lucia
- United Arab Emirates
The full 2018 White List is attached.
Income from sources taxable in Slovakia to tax residents from countries outside this list is subject to stricter treatment as compared to if the tax payers are residing in countries included in the list.
Impact on investors: Tax residents of countries not included in the 2018 While List published by the Slovak Ministry of Finance are subject to 35% withholding tax on dividends and on taxable income from Slovak sources (e.g. interest on deposits, royalties, payments for services, transfers of business shares). Interest income on debt securities paid to foreign residents remains exempt from taxation.