Spectator on facebook

Spectator on facebook

OECD: Slovak taxes low, payroll taxes remain high

ALTHOUGH Slovakia has relatively low income taxes, the state still claims a relatively high share of the wealth generated in the form of payroll taxes to the social insurer Sociálna poisťovňa and health insurance companies, according to a report by the Organization for Economic Cooperation and Development (OECD).

ALTHOUGH Slovakia has relatively low income taxes, the state still claims a relatively high share of the wealth generated in the form of payroll taxes to the social insurer Sociálna poisťovňa and health insurance companies, according to a report by the Organization for Economic Cooperation and Development (OECD).

A single childless person who earned an average income in Slovakia paid 38 percent of his or her gross wage in income and payroll taxes combined, which is slightly above the OECD average, the Pravda daily wrote. The highest sum of taxes and payroll taxes is found in Belgium, at 55 percent of the average income, while the lowest is in South Korea at 17 percent.

OECD statistics also show that the financial situation of a Slovak family with two children living on one income has improved considerably. Such families paid 30.5 percent of their incomes in taxes and payroll taxes in 2000, while in 2005 the figure was down to 23 percent.

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

Rector, minister, president. Why nobody halted the plagiarists’ appointment?

None of the concerned parties see their role in evaluating the moral qualities of the candidate for professor.

Marian Vanderka

Fallen lines and engine fires: Slovak trains are not without incidents Photo

Slovak rail carrier ZSSK is facing a massive wave of criticism after some recent accidents.

Fire on a train between Šaľa and Galanta.

Pohoda Festival organisers to pay compensation to parents of fatality

The verdict obliging the famous music festival to pay damage compensation to those bereft of a girl who died in 2009 from injuries caused by a fallen tent is not effective yet.

The damaged tent hit or put at risk at least 300 people back in 2009.

Rules for hiring foreigners are simpler. For exceptions

Despite positive changes, employers still point to some barriers preventing more effective and simpler recruitment of foreign workers.

Some problems with Foreigners’ Police continue.