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Accrual of salaries

Payroll and accrual of salaries to employees in accordance with the norms of the Slovak legislation. Constant analysis of current trends in the labor market and changes in legal standards.  

 

Payroll and accrual of salaries in Slovakia have their own peculiarities. If you are engaged in business, and you have employees who you need to pay salaries, you have to constantly monitor changes in the legislation, updates to the software that accountants use to calculate salaries. Or you can contact our specialists with many years of experience in the accrual of salaries and submitting the necessary reports. 

 

The payroll accounting services include:

 

  •   the monthly salary calculation for an employee
  •   the calculation of premiums, vacations, social contributions, medical insurance
  • the preparation and submission of reports to the tax administration, social insurance company, and medical insurance company.

 

As practice has shown, the process of accrual and payment of salaries in Slovakia differs from the same process in Russia or Ukraine. According to the Slovak legislation, social, medical contributions, and tax are necessarily deducted from the amount of salary specified in the contract.   

 

The specialists of our company have experience in calculating salaries in various labor relations for employees of any profession: office workers, doctors, waiters, workers with hourly wages, night shifts, business trips, etc. By contacting us, you will be able to develop your business without constant monitoring of changes in the labor legislation in order to avoid mistakes in payroll and penalties.

Need a consultation?

You can get a free * consultation on all additional issues during the day! Our specialist will contact you within 1 hour.

make an appointment for a consultation

*detailed long consultation, support of you in registration of documents can be paid in addition.

Frequently asked questions

What is important to know about taxation in Slovakia?

Income tax rates are as follows: - 19% - individuals - 15% - legal entities with a turnover of up to 100 thousand - 21% - legal entities with a turnover of more than 100 thousand   If the amount of tax exceeds 5 thousand, there is an obligation to pay quarterly advance payments.    Dividends are taxed at a 7% rate.

What business can be opened in Slovakia?

Slovakia is a developing and promising country. You can open any kind of business in any sphere. This can range from opening your own small outlet to sell a variety of goods or a café and up to building a cottage village or skyscraper. It is very important to remember that in order to achieve maximum success you need to personally engage in this business.

Is it possible to buy an existing business?

Yes, the Internet is full of offers to sell an existing business. 

Can foreigners open a business in Slovakia?

Yes, they can. Slovakia is a developing European country. Legislation here is aimed at supporting and developing business, and investment is supported by government programs. Starting a business in Slovakia is a legal way for foreigners to obtain a residence permit.   Our specialists will provide full support in the process of registration and opening of an individual entrepreneur / a private entity in Slovakia on a turnkey basis.

How to open a bank account in Slovakia?

Our specialists will help you open a bank account in Slovakia quickly and easily. You can choose a plastic bank card: simple, embossed, or credit.   Citizens of non-EU countries must present a passport, a permanent residence card or a residence permit of Slovakia, or a tolerated residence permit in Slovakia, together with some official documents confirming ties to Slovakia.

Is health insurance necessary for foreign citizens?

State health insurance is compulsory for all persons with a residence permit in Slovakia. A foreign citizen who has received permanent residence in Slovakia must obtain state health insurance within 8 days.   State health insurance is also compulsory for persons who do not have permanent residence in Slovakia but meet one of the following conditions: - officially employed; - carries out the entrepreneurial activity as an individual entrepreneur; - a student studying in Slovakia on the basis of an international agreement; - a pupil or student with the status of a Slovak living abroad and at the same time studying at school in Slovakia; - asylum was granted; - is a dependent family member; - performs paid sports activities for a sports organization on the basis of a professional sports contract;