December 2, 2021

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More than 100,000 Slovak entrepreneurs ended up at a loss last year

More than 100,000 Slovak entrepreneurs ended up at a loss last year

Nearly half of the companies that filed a tax return in 2020 showed a zero or negative economic result. At the same time, there are 3,000 more entrepreneurs than a year ago, when the numbers of losing companies were record high.

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Almost every second confused

By mid-October this year, it stated in Slovakia in its tax returns 108414 Entrepreneur. In the state coffers for income tax for 2020 I didn’t know anything. Of the total number of firms that have provided a return in a given period (233 755), This represents up to 46%.

Negative results Associated with the COVID-19 pandemicWhich had a huge impact on entrepreneurs. on an annual basis The number of losing companies increased, but very slightly, by 3%. 2019 was a year When the Slovak economy boomed, ‘ points to Dun & Bradstreet analyst Petra Štěpánová.

According to him, nearly 57 thousand companies paid less than one thousand euros in taxes in 2020, while fewer companies, a total of 46.6 thousand, declared income tax in the range of one thousand to 10 thousand euros.

There are exactly 214 tax millionaires

The analysis also shows that only 7% of entrepreneurs (16,938) paid up to €100,000 in taxes last year in the form of taxes.

“Traditionally, the fewest companies in the state have paid the highest taxes. Lin 1% pay tax in the financial range from 100,000 euros to 1 million euros. In total, there are 2,536 companies here. Income tax More than 1 million euros were issued to 214 companies, which is 0.09%‘ concludes the analyst.

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