Spectator on facebook

Spectator on facebook

Flat tax may be lower than 20 percent

The figure quoted for an envisioned flat tax rate of 20 percent for both income taxes and VAT may not be the final figure, according to Finance Minister Ivan Mikloš.

"I know that even lower rates are conceivable, but it is necessary to ensure that there are no unfavourable effects on the state budget," said Mikloš.

He added that a drop of 1 percent in the tax rate would mean a reduction in state income of approximately Sk6 billion (€146 million).

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

Top stories

Camping in a tree? Try it in Bratislava

A creaking wooden floor and the wind swaying the branches of trees around you. Have you ever wondered how it would feel to spend a night in a tree house?

The tree-house at Kačín

Wizz Air: Luggage changes have to wait until we train our staff

Clients of the Wizz Air airline will no longer have to pay for bigger hand luggage with a new service to be launched in late October.

Auto sector could learn from Austria

New fields are an opportunity

Hold onto your hats - heavy storms in Slovakia continue

Summer storms cause property damage, destroy gardens and possibly the harvest