Did you know that you can now allocate 2% of your income tax to your parents?

This new rule introduces an additional way for taxpayers to decide how part of their taxes is used, while also providing a form of financial support for pensioners. It replaces the previous model of the so‑called “parental pension”.

1️⃣ Who can allocate 2% to their parents?

An individual taxpayer may allocate part of their tax if they:

• Have paid their tax in full
• File their tax return on time or request an annual tax reconciliation from their employer
• Do not have outstanding tax arrears of more than €5 within 15 days after the tax return deadline
• In the case of employees, have their annual tax reconciliation settled by 30 April 2026

2️⃣ Which parent can receive the 2% allocation?

A parent must, as of 31 December 2025:

• Be a recipient of an old‑age, disability, service or disability service pension after reaching retirement age;
• and the pension must be paid by the Slovak Social Insurance Agency or the relevant authorities of the armed forces.

If the pension is granted retroactively, this is also accepted under the law.

ℹ️ The parent’s place of residence does not matter — the decisive factor is participation in the Slovak pension system.

3️⃣ How much can you allocate?

• 2% to one parent
• 2% to the other parent
• simultaneously 2% or 3% to a non‑profit organization

In total, you may decide the allocation of up to 6% or 7% of your income tax.

4️⃣ How to allocate 2% to your parents?

There are two options:

• Through a tax return filed by 31 March 2026 (or within an extended deadline)
• Through a separate declaration filed by 30 April 2026, if your employer completed your annual tax reconciliation

5️⃣ How will the 2% be paid to the parent?

• The parent does not need to take any action.
• The Tax Office will transfer the allocated amount to the Social Insurance Agency.
• The Social Insurance Agency will then pay the amount to the parent within 5 months after the tax return or declaration deadline.

📌 Practical example

If the taxpayer files their tax return by 31 March 2026, the parent should receive the allocated amount by 31 August 2026.

💡 Have questions?

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The tax environment is a subject to frequent changes. We strive to reflect the current state as accurately as possible, but all information on our website is valid as of the date of publication. If you have any questions or uncertainties, please don’t hesitate to reach out to us. We will assess the current impact of any tax-specific issue on your situation or company.