End to investor tax holidays signed today

President Rudolf Schuster is today to sign a law ending tax holidays for investors by September this year, and making tax relief part of a more complicated process of securing state aid in specific cases.

While the Slovak parliament approved 10-year tax holidays for foreign investors who met certain conditions last year, the European Commission has objected to the breaks, which they fear will lure businesses away from the 15-member bloc.

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

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