The Financial Administration of the Slovak Republic has reminded taxpayers that a 2 % tax credit is available to all parents who claim a refund of tax paid by their children. The credit, which from 2025 replaced the parental allowance, is conditional upon the existence of paid tax by the child and the fulfilment of statutory conditions. During the 2025 tax period the administration recorded 1.23 million declarations of refund share, of which 909 000 were directed to parents and over 1 million were channelled to non‑profit organisations. The administration emphasises that the credit is automatic once the required declaration is filed, and that failure to submit the declaration results in the forfeiture of the entitled amount. The notice serves to inform taxpayers of the new mechanism and to encourage timely filing ahead of the upcoming tax‑return deadline.
Key Takeaways
- 2 % Tax Credit Eligibility: All parents are entitled to the credit provided their children have paid tax and the required refund‑share declaration has been filed.
- Filing Obligation: Submission of the declaration is mandatory; failure to file results in loss of the credit.
- Statistical Overview: For the 2025 tax period 1.23 million declarations were recorded, with 909 000 directed to parents and over 1 million to non‑profit organisations.
Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel.
Source: Read Original Announcement