Investor Presentaiton

Radical simplification of the tax system from 2004 Flat Rate Tax + elimination of virtually all exceptions, exemptions, deductions, special rates, and special regimes + elimination of dividend, inheritance, gift taxes, and real estate transfer tax Introduction of low nominal rates 19% flat individual income tax 19% corporate tax 19% unified VAT on all goods and services (since 2007 VAT rate 10% applied on medicine and medical tools and since 2008 on books) Shift from direct to indirect taxes Slovakia has the lowest tax quota II in EU, in 2007 it reached 29.7% of GDP H 6

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