Slovakia
The Slovak Republic and the Czech Republic went their separate ways after 1 January 1993, an event sometimes called the Velvet Divorce. Slovakia has remained a close partner with the Czech Republic. Both countries co-operate with Hungary and Poland in the Visegrád Group. Slovakia became a member of NATO on 29 March 2004 and of the European Union on 1 May 2004. On 1 January 2009, Slovakia adopted the Euro as its national currency.
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.