Spectator on facebook

Spectator on facebook

Cabinet approves income tax bill

The cabinet has accepted the draft of a bill on income tax that would introduce an flat 19-percent rate for all taxpayers as of next year. The bill would increase the annual non-taxable threshold for individuals to 19.2 times of the official monthly subsistence level, as on January 1 of the related tax period.

Currently, individuals pay progressive income tax of between 10 and 38 percent, while corporate entities pay income tax of 25 percent.

The government has also introduced a special income tax category that would make it easier for tradesmen to start up businesses, without burdening them with keeping detailed accounts. The bill will be discussed in parliament in the autumn.

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

Top stories

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Blog: 5 things you should do on your visit to the north of Slovakia Photo

Here is a list of tips by an experienced tour guide - including things you have probably not tried before.

Bratislava growing high Photo

High-rise buildings sprouting up in Bratislava

Visualisation of the future skyline of Bratislava