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Slovakia: the end of the single tier tax system
Both companies and individuals in Slovakia will have to pay more tax from January 1st 2013. Corporation tax will be raised from the current 19% to 23%. For individuals, the single tier tax system will come to an end. Personal income tax will remain at 19% for amounts up to 3310 euros per year, while above that the rate will be 25%. The legislators also approved a number of super taxes. One of the newest of these is the high public office super tax, which will impose an additional 5% tax on the incomes of MPs, members of the government and the head of state.