BUSINESS BRIEFS

Flat tax rate passed once again

PARLIAMENT overruled the veto of President Rudolf Schuster on the flat tax rate, one of the key measures of the tax reform of PM Mikuláš Dzurinda's cabinet.

The law, supported by 78 deputies of the 150-member chamber, will take effect as of January next year even without the approval of the president.

The incomes of individuals and corporate entities will be taxed at 19 percent.

Finance Minister Ivan Mikloš believes that the law will create a better business environment.

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