Slovak Republic: Increase of withholding tax rate for income distributions on corporate bonds


Following the approval of amendments to the existing withholding tax regulation regarding the taxation of income derived from Slovakian corporate bonds, by the Slovakian Parliament, Clearstream Banking1  informs its customers that effective

1 January 2023

income derived from Slovakian corporate bonds (including Bank bonds) owned by non-resident beneficial owners, will be subject to 35% withholding tax by default instead of the current rate of 0%.

Impact on customers

Non-resident beneficial owners will be subject to withholding tax on income distributions derived from Slovak corporate bonds (including Bank bonds). Different rates may apply depending on the status of the beneficial owner. 
Clearstream Banking is currently assessing the various cases reflected in the law and will provide further information as it becomes available.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk or Clearstream Banking Client Services or your Relationship Officer.


1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.