Income and Tax Calculator for Sole Proprietors
The calculator calculates taxes and contributions for sole proprietors in Slovakia with income up to 50 000 €. Exceeding this threshold significantly increases the tax burden, making business operations through a sole proprietorship unprofitable. In such cases, it is recommended to consider registering a limited liability company.
Income and Expenses
Income and Tax ReportYour business activity has generated 0,00 €.
How to Submit a Sole Proprietor Tax Declaration in Slovakia?
A tax declaration in Slovakia can only be submitted online through the portal of the Financial Administration of the Slovak Republic (Finančná správa); this requires access to an electronic account and activated electronic identification. For foreigners without permanent residence in Slovakia, it is important to consider that if you need to obtain income confirmation for residence permit renewal or certificates from the tax authority for a bank (e.g., when applying for a loan), you must appoint a trusted person to receive official correspondence. For this reason, we recommend using our services to avoid administrative complications and delays.
Residence Permit Extension
To extend a residence permit based on business activity in Slovakia, your net profit after taxation must exceed 20 times the subsistence minimum, which amounts to 5 479,80 €. The subsistence minimum is reviewed and updated annually on July 1 and is available on the official website of the Slovak Ministry of Labor. For the period from July 1, 2025, to July 1, 2026, the subsistence minimum is set at 273,99 € and will be increased from July 1, 2026.
If your net profit is lower than 5 479,80 €, it is recommended to avoid using fixed (lump-sum) expenses and not to declare the full amount of your expenses. For example, you may choose not to include health or social insurance contributions in your tax declaration.
Taxes for Sole Proprietors
A sole proprietor is required to submit a tax return for the 2025 tax period if their income in 2025 exceeded 2 823,24 €. The deadline for filing the 2025 tax return is March 31, 2026.
A sole proprietor pays tax on the difference between income and expenses. In addition, entrepreneurs have the right to use a tax-free income allowance of (5 646,48 €). Sole proprietors in Slovakia can choose between actual expense accounting or fixed (so-called lump-sum) expenses. Lump-sum expenses represent a percentage of income and do not require tracking actual costs. The entrepreneur can apply them when filing the tax return, deducting 60% of income. The maximum amount of fixed expenses cannot exceed 20 000 €.
Tax Rate for 2025
- 15% if annual income does not exceed 100 000 €.
Social Insurance Contributions
From 2026, the obligation to pay Social Insurance contributions arises from the first day of the 6th calendar month from the date of opening a Sole Proprietorship. The minimum amount of social contributions in 2026 is 303,11 €/month. For entrepreneurs with low income (below 9 144 € for 2025), a reduced contribution rate applies — 131,34 €/month.
Health Insurance Contributions
The obligation to pay health insurance contributions arises for an entrepreneur from the first day of carrying out business activities. In 2026, the minimum health insurance contribution amounts to 121,92 €/month.
More detailed information about taxes and contributions for sole proprietors can be found in our article: Taxes and Contributions for Sole Proprietors 2026