Tax Bonus

A tax bonus constitutes the amount of tax benefit paid to the taxpayer for a maintained child living with the taxpayer in a common household. Upon meeting certain conditions even a foreigner with temporary or permanent residence on the territory of the Slovak Republic is entitled to claim the benefit. 

The entitled person:

A person entitled to receive a tax bonus is a person who is paying an income tax (a taxpayer) 

Maintained child:

• A dependent own child, an adopted child, a child taken into care replacing the parental care and a child of the second spouse,

Dependent child:

• a child until completion of compulsory school attendance, maximum until reaching 25 years of age, if the child is continuously preparing for work by means of studies or if the child cannot continuously prepare for work by means of studies or perform a gainful activity due to an illness or an accident,
• a child exempt from compulsory school attendance,
• a child that is attending primary school for pupils with a disability or
• a child that is unable to continuously prepare for work or to perform a gainful activity due to a long-term adverse health condition, until the age of majority.

Conditions

• the taxpayer has taxable income from employment or business activities)
• a taxpayer with a limited tax liability may claim a tax bonus if at least 90% of all his/her income comes from sources in the territory of the Slovak Republic.

Amount of tax bonus

The amount of tax bonus for each dependent child living with the taxpayer in the same household is:

• EUR 140 per month for a dependent child below 18 years of age
• EUR 50 per month for a dependent child between 18 and 25 years of age. 

The tax is reduced by the amount of the tax bonus.  

Conditions for claiming the entitlement:

• The child’s temporary stay outside of the common household does not have any impact on the tax bonus
• The tax bonus can be claimed already in the calendar month when the child was born, when the continuous preparation for future work starts, when the child was adopted, or when the child was taken into care replacing parental care.
• The taxpayer who is the parent of the child, or who, in relation to a child provides care replacing parental care, if the child lives in the same household with the taxpayer, can claim the tax bonus after the expiry of the taxable period, if the husband (wife) of this child, during this taxable period, does not have taxable income exceeding hundred times the amount of subsistence minimum level.
• If the child (children) living in the household is (are) maintained by several taxpayers, the tax bonus can be claimed by only one of them. A proportionate part of the tax bonus for all maintained children covering a part of the taxable period can be claimed by one of the taxpayers and the remaining part of the period can be claimed by the other taxpayer. In case the conditions for claiming of tax bonus are met by several taxpayers and if they do not agree otherwise, the tax bonus on all maintained children is claimed or is allocated in the following order: mother, father, and another entitled person.
• The taxpayer who maintains a child during only one or several calendar months during the taxable period can have the tax or advances on income tax reduced only by the amount of the tax bonus for each calendar month at the beginning of which the conditions for claiming bonus were met.
• The tax bonus can be claimed at a maximum of up to the amount of tax calculated for the respective taxable period according to the Law on Income Tax. In case the amount of tax calculated for a respective taxable period is lower than the amount of claimed tax bonus, the taxpayer submitting the tax return statement, will ask the respective regionally competent tax administrator to reimburse the amount calculated as the difference between the amount of tax bonus and the amount of tax.