Slovak euro coins
Slovakia has been a member of the European Union since May 2004, and is a member of the European Economic and Monetary Union. Slovakia adopted the euro on 1 January 2009, replacing its previous currency, the Slovak koruna.
Taxation in Slovakia
The income tax in Slovakia is levied at two different rates of 19% on income below 35.022,31 Euro and 25% above A personal allowance of 3.803,33 Euro apply, which is phased out when yearly income hit 25% income tax bracket. In case of a non-working spouse a further allowance can be claimed.