Finance Ministry wants joint collection of taxes and payroll taxes

The Finance Ministry proposes that as of August 2009, Slovakia's tax bureaux will collect both income taxes and compulsory payments to social and insurance funds. Currently, the latter, known as "payroll taxes", are collected by the Sociálna poisťovňa social insurer.

The ministry has submitted the proposal for review by other ministries.

"The basic condition for the unification of tax and payroll tax collection is a high-quality tax administration system," reads the ministry's report.

The ministry says legislation must be changed and the institutions involved prepared before the move can take place.

According to the proposal, the collection of income tax and compulsory transfers by a single institution would benefit citizens, the business community, as well as the state.

Along with reducing administrative costs, the new system would allow arrears to be claimed through a single institution.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Fico mirrors stability, but Smer is considering a new election leader

Pellegrini could be Smer's number one in the 2020 parliamentary elections. Some Smer MEPs want a new party leader.

Former PM Robert Fico (left) and his successor Peter Pellegrini (right).

Kirschner: Music has always been the intention

Jana Kirschner has been on the Slovak music scene for more than 20 years.

10 things you need to know about the new parking policy in Bratislava

Foreigners living in Bratislava who are not eligible for permanent residence do not need to worry.

Current parking in Bratislava