Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 19 ISSUE 3
Written by Joseph Ugah UKPABUKU, Susan Ben OHEN
The aim of the paper is to analyze the taxation of agricultural land in the Slovak Republic with a focus on arable land, hop gardens, vineyards, orchards, permanent grassland and to propose measures that could contribute to the adjustment of tax rates in the future. Tax decentralization has been taking place in Slovakia since 2004, thus strengthening the tax competences of local municipalities in the field of property tax. The following factors are decisive in determining the tax on agricultural land by the local government: the value of the taxable land, the tax rate and the tax administrator's ability to raise the tax rate to a maximum of 5 times the base rate declared by law. Tax administrations use the legal options and increase tax rate in multiples, which positively affects their financial budget. The persisting high tax burden on agricultural land in some municipalities increases the cost and reduces the profitability of farms.
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