Business alliance dislikes social and tax plans

THE BUSINESS Alliance of Slovakia (PAS) welcomes the new government's intention to maintain the stability of public finances and improve development conditions for all types of businesses. On the other hand, PAS is concerned about several commitments, chiefly in the tax and social areas, which may cause the stability of public finances to deteriorate along with the quality of the business environment, SITA wrote.

"These commitments may lead to a higher general government deficit and a higher financial burden on businesses," said PAS executive director Robert Kičina on August 7.

PAS is also concerned that the government will increase the amount of regulatory control of business that in the future will lead to larger budget deficits as the government transfers certain responsibilities of the state to businesses. "We will closely monitor these developments in the upcoming period," added Kičina.

As far as the tax system is concerned, PAS would prefer a gradual cut in the VAT flat rate rather than a lower VAT rate on selected goods. Similarly, the overall easing of the financial and regulatory burden on businesses would bring higher benefits to the Slovak economy than the anticipated selective support of specific areas of the economy.

Top stories

Illustrative stock photo

Christmas with curfew, family visits will not be an exception

Stricter measures will come back if hospitalisations reach a critical level.


15 h

News digest: Slovak government eases measures but closes schools

First wave of easing the measures starts on Friday. President Čaputová listed among 100 most powerful women. Districts in western and central Slovakia should prepare for heavy snowfall.


14 h
Illustrative stock photo

Booster or bust: Foreigners still face vaccine barriers in Slovakia

How to have your Covid vaccine doses received abroad recognised in Slovakia.


7. dec

Pandemic dominated Google searches in Slovakia in 2021

In the category of foreign personalities, Slovaks searched Lady Gaga the most.


21 h
Skryť Close ad