Spectator on facebook

Spectator on facebook

IN SHORT BUSINESS

Taxes in Slovakia attractive to investors

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

The current rate of the 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 from 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 the tax on company profits from 31 to 28 percent, effective as of January.

Following the decrease of the business tax from 27 to 19 percent this year, Poland is expected to collect about 17 percent in taxes from firms.

Top stories

Preparation of young journalists lags

Editors and students complain about the lack of practical training at journalism schools and missing links with the realities of the media market.

International students travel to attend world leading universities. So they did in the past.

Raslavice village creates jobs; constructs wellness centre

By using eurofunds and state aid new Mayor of Raslavice Marek Rakoš thus created some 80 jobs in two years.

Fico: We are ready to discuss the 13th salary

The prime minister also presented reasons why Slovakia should be in the EU core.

PM Robert Fico

Meucci: Italy is not going through a catastrophe

Gabriele Meucci has been serving as the Italian Ambassador to Slovakia since January this year. He says that Slovakia is a haven for Italian investors but recently also for Italians coming here to work.

Italian Ambassador to Slovakia Gabriele Meucci