Taxes in Slovakia attractive for investors

A NEW analysis by Ernst & Young showed that Slovakia's taxes for companies are among the lowest in the V4 states, which also include Czech Republic, Poland, and Hungary.

The current rate of effective tax burden in Slovakia is expected to fall to 16.8 percent from 22.1 percent last year, thanks to the tax reform that took effect January 1, the Slovak economic daily Hospodárske noviny wrote on January 4.

Many post-communist countries are working on similar reforms to make their states attractive in the eyes of investors.

In Hungary, the tax burden is expected to fall to 14 percent within the coming years. The Czech Republic has cut tax on company profits from 31 to 28 percent as of January. Following the decrease of business tax from 27 to 19 percent this year, Poland is expected to collect about 17 percent in taxes from firms.

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

Get daily Slovak news directly to your inbox

Top stories

Investors pursued projects and transactions despite the virus

Investors pursued projects and transactions despite the virus. Check out the 2020 investment highlights from Slovakia.

The visualisation of new Istropolis building

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Why you need to buy a belt

On this Black Friday, with society teetering on the brink of chaos, I ask that we all do our part.

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.