Third Consolidation Package for 2026
What will the third package of consolidation measures for 2026 bring us?
On September 9, 2025, the Minister of Finance presented a draft of the third package of consolidation measures, which was approved by the National Council of the Slovak Republic in an expedited legislative procedure on September 24, 2025.
Changes in VAT
Increase in VAT on selected foods:
Foods with increased sugar and salt content will be subject to the basic VAT rate of 23%. These include foods such as ice cream, chocolate, crisps, snack bars, etc. This increase does not apply to the raw materials themselves – sugar and salt – nor to baby food, yoghurts or DIA foods.
Restriction on VAT deduction for cars:
In the case of purchasing a company vehicle that will also be used for private purposes, the entrepreneur can deduct only 50% of the VAT.
PLEASE NOTE: the 50% deduction applies not only to VAT, but to all costs associated with the operation of a motor vehicle – fuel, maintenance, servicing, repairs, etc. A 100% deduction is only possible if the motor vehicle is used 100% for business purposes.
Changes in income tax and contributions
A higher tax license is being introduced for large companies:
Companies with taxable income above €5 million will pay a tax license fee of €11,520, compared to the original €3,840.
Increase in the progressivity of personal income taxation:
The income tax rate for individuals earning "above average" incomes is changing.
Up to 44 000 – 19%
Over 44 000 – 25%
Over 60 000 – 30%
Over 75 000 – 35%
Increase in contributions for self-employed persons:
From the new year, the minimum assessment base will increase from 50% to 60% of the average wage from two years ago (minimum social security contributions will thus increase from the original €252.59 to €303.11 for 2026).
Higher health insurance contributions:
Health insurance contributions for employees, self-employed persons, and self-payers are increasing by 1%.
Changes in Social Insurance and Sick Leave
Longer period of sick leave paid by the employer:
The period during which the employer pays compensation to the employee during sick leave is extended from the original 10 days to 14 days. The Social Insurance Agency will start paying sick pay on the 15th day of sick leave.
Shorter tax holidays for self-employed persons:
The new social security contribution obligation for new self-employed persons will arise on the first day of the sixth calendar month after the business license is issued. The amount of contributions for 2026 is set at €131.34.
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