Flat tax will burden middle classes

The new flat-rate tax of 19 percent, due to begin from January 2004, will mainly hit the middle classes, according to economic analyst Pavol Ondriška.

"Workers earning a gross monthly salary of about Sk11,000 (?267) will pay more income tax than now," he said. "In addition, they will face a higher burden of VAT."

Ondriška said the group represents about a third of the Slovak population.

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

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