Spectator on facebook

Spectator on facebook

Tax evasion robs the state of billions of crowns

The grey economy accounts for 12 to 15 percent of the gross domestic product, while tax evasion makes up a considerable part of its losses.

Cigarette producers estimate that tax evasion, in cases where the tax has been excised from tobacco products, amounts to SKK 1.7 billion (€40.5 million), while 10 percent of all cigarettes in circulation are smuggled into the country.

Tax evasion, in the form of excised tax, from spirits is estimated at about SKK 1.2 billion (€ 28.6 million), as 30 percent of spirits currently available on the market are untaxed.

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

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)

Slovakia lures tourists

The country is attractive for visitors as a friendly and safe country with plenty of tourist draws .

Slovak mountains are attractive the year round.

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project