<h2>Introduction: What is the Transaction Tax (transakčná daň) in Slovakia</h2>
<p>The transaction tax <i>(Slovak: transakčná daň)</i> is a mandatory state fee paid by all business entities in Slovakia: both individual entrepreneurs (IE / živnostníci) and limited liability companies (LLC / s.r.o.).</p>
<p>This tax is levied on outgoing transactions — meaning when an entrepreneur or company transfers money from their account, for example, to a supplier, contractor, or when withdrawing funds. Additionally, cash withdrawals are taxed separately.</p>
<p>Although the tax is not large (only 0.4% or 0.8%), it applies to everyone and requires either automatic withholding by the bank or monthly reporting and self-payment. It is particularly important to understand these rules if you use a non-Slovak bank account (e.g., Revolut) — in this case, the responsibility for calculation and reporting rests with the entrepreneur.</p>
<p>In this article, we will discuss who is required to pay the transaction tax, how it is calculated, how to pay it, and why it cannot be ignored.</p>
<div class="blog-services"><p><b>🟩 Disclaimer:</b> As of April 2025, the Slovak authorities are considering the abolition of the financial transaction tax. If this decision is made, doing business in the country will become even easier.</p></div>

<h2>Transaction Tax Rates</h2>
<p style="margin-bottom: 5px;">In Slovakia, the transaction tax is applied to each outgoing movement of funds from an entrepreneur’s or company’s bank account. The tax rates are as follows:</p>
<ul style="margin-top: 7px;">
<li><b>0.4%</b> of the amount of each outgoing transaction (payment to a supplier, contractor, etc.), with a maximum tax of <b>40 €</b> per transaction.</li>
<li><b>0.8%</b> — for <b>cash withdrawals</b> from an ATM.</li>
</ul>
<p style="margin-bottom: 5px;">At the same time, <b>some transactions are exempt from tax,</b> in particular:</p>
<ul style="margin-top: 7px;">
<li>incoming transfers (e.g., payments from clients);</li>
<li>payments made by <b>bank card.</b></li>
</ul>
<div class="blog-services"><p><b>⚠️ Important:</b> if you use a foreign account (e.g., Revolut), these transactions are not automatically exempt — the calculation and reporting of the transaction tax must be done independently.</p></div>

<h2>How to Pay the Transaction Tax: Through the Bank or Independently</h2>
<p>Slovak law provides two ways to pay the transaction tax — depending on where your bank account is located:</p>
<h3>Option 1: Account in a Slovak Bank</h3>
<p style="margin-bottom: 5px;">If an individual entrepreneur or LLC uses an account in a Slovak bank (e.g., Tatra banka, ČSOB, VÚB, etc.), the transaction tax is automatically withheld with each outgoing transaction. In this case:</p>
<ul style="margin-top: 7px;">
<li><b>No action is required by the entrepreneur;</b></li>
<li>The bank calculates and transfers the tax;</li>
<li>No tax reports need to be submitted.</li>
</ul>
<h3>Option 2: Account in a Foreign Bank (e.g., Revolut, Wise, etc.)</h3>
<p style="margin-bottom: 5px;">If a foreign bank account is used, the responsibility for paying the tax lies with the entrepreneur. This means:</p>
<ul style="margin-top: 7px;">
<li>You need to <b>export all outgoing transactions monthly;</b></li>
<li>Calculate the tax amount independently (0.4% or 0.8%);</li>
<li><b>Submit a report</b> to the tax authority via the financnasprava.sk portal;</li>
<li><b>Pay the tax manually</b> by the due date.</li>
</ul>
<div class="blog-services"><p>⚠️ If you use Revolut as an individual entrepreneur or for a company — <b>we can take care of the entire calculation and reporting process</b> for you. Simply use our accounting services.</p></div>

<h2>Reporting the Transaction Tax for Individual Entrepreneurs and Companies</h2>
<p>If you use a foreign bank account (e.g., Revolut), you need to report and pay the transaction tax yourself. Here's how it works:</p>
<h3>How to Prepare the Report</h3>
<p style="margin-bottom: 5px;">The first step is to export all outgoing transactions for the month from your bank (in CSV format). Then, calculate the tax amount:</p>
<ul style="margin-top: 7px;">
<li>0.4% for each outgoing transaction (but not more than <samp>40 €</samp> per transaction);</li>
<li>0.8% for cash withdrawals.</li>
</ul>
<p>Transactions that are exempt from the tax: incoming transfers and payments by card.</p>
<h3>Reporting Deadlines</h3>
<p>The report is submitted <b>once a month,</b> no later than the 25th of the month following the reporting month. For example, for April — by May 25th.</p>
<h3>Where and How to Pay the Tax</h3>
<p>The tax is transferred to a special account of the tax authority <i>(Slovak: Finančná správa Slovenskej republiky)</i>, according to the details generated after the report is submitted.</p>
<p>If you're not sure about the calculations or don’t want to do it yourself — we at <b>Oki-doki.sk</b> can handle the entire process: from preparing the report to submitting and paying.</p>

<h2>How We Help with Calculating and Paying the Tax — Solutions from Oki-Doki.sk</h2>
<p>We help entrepreneurs in Slovakia fulfill their tax obligations related to the transaction tax correctly and without unnecessary bureaucracy:</p>
<div class="blog-services">
<h3>✅ Transaction Tax Calculation and Reporting</h3>
<p>We will calculate the tax amount and submit the report to the tax authority.<br/>
<a href="/en/kontakty" target="_blank">👉 Contact us</a></p>
</div>
<div class="blog-services">
<h3>✅ Accounting for Individual Entrepreneurs and LLCs</h3>
<p>We take care of reporting, declarations, VAT, and transaction taxes.<br/>
<a href="/en/kontakty" target="_blank">👉 Accounting for IE</a><br/>
<a href="/en/kontakty" target="_blank">👉 Accounting for LLC</a></p>
</div>
<div class="blog-services">
<h3>✅ Help with Opening an Account in Revolut</h3>
<p>We will open an account for you for free, explain how to use it for business and accounting.<br/>
<a href="https://revolut.com/referral/?referral-code=dmytroxt8n!APR1-25-AR-H1" target="_blank">👉 Business Account for IE</a><br/>
<a href="https://business.revolut.com/signup?promo=b2b-ref-022-H1-ULB&ext=fe19fbe4-9b0e-32ce-9a48-460bd2d7a5f0&context=B2B_REFERRAL" target="_blank">👉 Business Account for LLC</a></p>
</div>


Transaction tax (transakčná daň) in Slovakia: who pays, when to pay, rates 0.4% and 0.8%, Revolut accounts, obligations.

Transaction Tax in Slovakia (transakčná daň)