Abstract
Tax incentives are a tool of regional policy. When providing investment incentives, conditions for their provision must be clearly defined. It is necessary to coordinate investment incentives at the state level with redistribution of EU funds. The criteria for the provision of investment incentives must correspond with the main objectives of regional policy.The aim of this contribution is to analyze the tax incentives in tax system in the countries of the Visegrad Four (V4). The introductory part is the theoretical definition of tax and tax incentives. The analytical part is devoted to the analysis of tax incentives in the form of investment incentives provided in the Slovak Republic in the period 2002-2016.The results of the contribution constructed on the basis of the comparison detail the conditions for the granting of tax incentives for research and development in the V4 countries depending on the individual requirements and conditions of the countries themselves, systems, valid legislation, etc., which differentiate each other and at the same time compete in a certain way, compete with the funds of foreign investors.
Highlights
Taxes are a very important source of state revenue for the state budget, each state should be cautious when compiling its tax legislation
This part of the paper focuses on the conditions of tax incentives in the form of investment incentives granted in the Slovak Republic and in other V4 countries (Czech Republic, Hungary, Poland)
In the end we focused on investment incentives in the field of research and development in selected countries
Summary
Taxes are a very important source of state revenue for the state budget, each state should be cautious when compiling its tax legislation It is the right of every state to be able to determine its own conditions for the collection of taxes from taxpayers, and it is necessary not to forget about the environmental aspect of taxes and the possibilities of foreign investments. Tax incentives or tax reliefs are currently the part of the Slovak Republic’s regional aid and are aimed at supporting the investment They are subject to Act No 565/2001 Coll. It determines the main criteria that must be met by the applicant for investment incentives and defines the mechanism for their approval and provision This Act is in accordance with the Constitution of the Slovak Republic, in particular with Act No 231/1999 Coll. This Act is in accordance with the Constitution of the Slovak Republic, in particular with Act No 231/1999 Coll. on state aid, with Act No 595/2003 Coll. on income taxes and Act No 387/1996 Coll. on employment (Ballabášová, 2015, p. 82)
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