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 which 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 2019.
Compared to 2018, the following nine countries were added to the White List:
- Bahamas
- Bahrain
- Ethiopia
- Grenada
- Hong Kong
- Iran
- Macao
- Peru
- Vanuatu
The copy of the 2019 White List is attached and is also available on the website of the Ministry of Finance.
Income from sources taxable in Slovakia to tax residents from countries outside this list is subject to stricter treatment than if the tax payers are residing in countries included in the list.
Impact on investors: Residents of countries not included in the While List published by the Slovak Ministry of Finance are subject to 35% 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.