Illustrative stock photo (source: SME archive)
Slovakia recorded a year-on-year drop by seven places to 55th out of 190 countries in the Tax payment ranking compiled by the PwC consultancy and the World Bank Group which gauges the ease with which taxes are paid. Slovakia’s ranking decreased even though all its parameters stayed the same, mostly because other countries have made significant progress.
It takes companies 192 hours to fulfil their tax duties in Slovakia
The ranking is based on four indicators: Total Tax and Contribution Rate (TTCR), time to comply, number of payments and post-filing index and the state of legislation as of December 31, 2018.
