Tax laws approved again by parliament

The parliament voted to override President Schuster's veto of new tax bills, a part of a complex tax reform planned by the ruling coalition.

The decision means that excise taxes on selected goods will rise as of August and a unified 19 percent VAT rate on all goods and services will be in place from the beginning of next year.

The president argued that the planned increase in excise taxes and unification of VAT rates should be gradual and sensitive to the social situation of citizens.

Finance Minister said the failure to pass the laws would hinder the introduction of a flat 19 percent income tax.

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

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