Slovak Republic: Updated tax rate on dividends paid to individuals in 2025
Clearstream Banking1 informs clients that, effective
1 January 2025
the taxation rate applicable in relation to dividends paid to individual beneficial owners in relation to their holdings of Slovak equity securities is getting raised from 7% to 10%. The new tax rate is intended to apply solely to dividends paid out of profits generated in 2024 and will therefore apply in 2025 for the first time.
Impact on clients
The above change in tax rate will not impact the tax rate applied to undisclosed beneficial owners, who will remain subject to 35% withholding tax on dividends paid to them by Slovak issuers in 2025.
Upon completion of the relief at source procedure notified by Clearstream (issuer-by-issuer guidelines and procedures), individual beneficial owners may be entitled to a refund of 25% – rather than 28%, as it was previously – of the gross dividend amount paid out of the profits generated in 2024.
Further information
For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG, registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.