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BUSINESS SHORTS

Tax burden decreasing

THE TAX and payroll tax burden in Slovakia, measured as the ratio of total state income from taxes and payroll taxes to total GDP, is decreasing in Slovakia at a stable pace.

According to the latest report by the Organization for Economic Cooperation and Development, the tax and payroll tax burden in Slovakia decreased from 30.3 percent in 2004 to 29.4 percent in 2005. In 2003 the proportion was at 31.2 percent, Hospodárske noviny wrote.

Of the 24 countries evaluated, Slovakia was one of only five in which the burden had decreased.

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