103 / 132
provided that the sale is made five years after the occupancy
permit was issued or after the building was actually used for
at least five years for the first time; however, the taxpayer
can decide not to make use of the exemption. Exempt from
VAT is also a direct sale of a land plot (except for land plots
determined for construction). Please note that exemptions
may apply. The current VAT rate in Slovakia is at 20%.
Acquisition of shares in a company
• Capital gains from the sale of shares in a company are subject
to income tax, while exemptions may apply.
• The capital gains from sale of shares are not subject to VAT,
while exemptions may apply.
103
Investors Guide to Europe 2015