A new tax on banking operations aimed at regulating the market and increasing state budget revenues.
This will be a new type of tax, with the first taxable period being April 2025. Taxpayers will include individual entrepreneurs, legal entities, and branches of foreign entities that are clients of a payment services provider which performs financial transactions.
Who should pay the FTT? This tax will primarily be paid by payment service providers (i.e. banks) with a registered office or branch in Slovakia. If a Slovak entrepreneur is a client of a payment service provider seated outside Slovakia and with no branch here, the obligation to declare and pay this tax will be the responsibility of the respective entrepreneur. This obligation could not be avoided even if the entrepreneur authorises another entity to perform the financial transaction.
