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Report: Slovakia plans to cut corporate tax, introduce dividend tax

Slovakia'sfinance ministry on July 12 proposed to lower the corporate tax rate by 1percentage point to 21%, Reuters reported the same day.

The ministryalso proposed to introduce a 15% tax on dividends, which would replace healthinsurance payments of 14% that are currently deducted on dividends.Additionally, the proposal includes a new 35% tax on dividends fromcorporations based in countries that have not reached agreements over theinternational exchange of tax-related information, the newswire added.

The ministryin the week of July 4 abandoned a plan to halve its banking tax, maintainingit at 0.2% of selected liabilities per year between 2017 and 2020.