General managers

Last reviewed 09 Mar 2023

Civil law

Service agreement, possibly contract of employment, etc.

Social insurance

Employee
Sickness insurance: 1.4 % employee, 1.4 % employer
Retirement insurence: 4 % employee, 14 % employer
Disability insurance: 3 % each for employee and employer
Reserve fund: 4.75 % for employer
Unemployment insurance: 1 % each for employee and employer

Income tax

Employee: 19 % and 25 % income tax; tax rate of 25 %, which is applicable to the tax base which exceeds 176.8 times the subsistence minimum (for 2023: tax base exceeding approx. EUR 41,445.46 per year), ie this applies if the gross income exceeds approx. EUR 47,858.50 per year or approx. EUR 3,988.21 per month.

VAT

Employee: no VAT
Self-employed: VAT, if threshold exceeded

Work permit

Work permit is not required for EU and EEA country nationals but obligatory for Third country nationals. Both, EU and EEA country nationals and Third country nationals are obliged to inform Central Office of Labour, Social Affairs and Family by special paper form of their work activities in Slovakia up to 7 working days from the start of their work activities. Registration is the responsibility of the employer.

Residence permit

Citizens of EU and EEA countries must register their and their family members’ stay within 10 days of arrival (other nationals, within 3 days). The registration is processed with the Slovak foreign police. No residence permits are required for citizens of EU countries, but persons may apply for residence permits for stays lasting longer than three months.

Liability

Personal liability for negligence in the execution of duties

Minimum remuneration

Under the Slovak Commercial Code general managers are permitted to carry out their duties without remuneration.