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BUSINESS BRIEFS

State to cut payroll taxes

FROM January next year the government intends to cut payroll taxes from the current 50.8 percent to 47.55 percent. The Labour Ministry says that this is just the start in a series of reductions. These reductions would first come from employers' contributions.

Business leaders welcomed the changes cautiously.

"On the one hand they are reducing payroll taxes, but other costs are rising for employers, mainly linked to energy purchasing," said Tibor Gregor, from Klub 500, which represents companies with more than 500 employees.

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Slovakia threatened with returning funds for dual education

The system is still not running as it should, and if the country fails to meet goals, it may be asked to pay back the money allocated from EU coffers.

Trams will test renewed tram track in downtown Bratislava on Friday

Originally, the tram track should have been put back in operation on November 15

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EMA will not relocate to Slovakia - Job ads will have to state actual payrates - Trnava factory to produce electric cars

PSA plant in Tranva.

Job ads should inform about basic salary

One of the proposal’s authors from the Smer coalition voted in May against a similar proposal authored by opposition deputies

The shortage of workforce is a growing problem for entrepreneurs.