Spectator on facebook

Spectator on facebook

IN SHORT BUSINESS

Ministry says no to lower taxes

THE NEW tax system launched in Slovakia in January has been filling the state coffers even better than the creators of the tax reform had hoped, the daily SME wrote.

Over the first seven months of 2004, the state collected Sk9.2 billion (€229 million) more in taxes than in 2003 and by the end of July the budget deficit still had not exceeded a quarter of the planned annual value.

Analysts say that the state should use the income to further reduce taxes, especially to push down the flat tax rate, which is currently at 19 percent.

They say that the state could now reduce the mandatory payments to social insurance funds.

However, the Finance Ministry remains reserved on the issue.

"Though the development is positive, it should not be overestimated," said Finance Minister Ivan Mikloš.

Top stories

Roma segregation - Slovakia’s evergreen problem

Amnesty International slams Slovakia for discriminating against minorities and for hate speech in its annual report.

JLR plant, cheap mortgages alter market

In the sector of industrial real estate attention is focused on Nitra and its vicinity, where Jaguar Land Rover (JLR) is building a new plant.

Slovak drama of the early 20th century goes English

Visual art, dance and music are universal means of expression; drama, on the other hand, is determined and limited by the language it is performed in. To offer the world at least a taste of Slovak drama, the Theatre…

L-R: Diana Mórová (Eva), Kamila Magálová (Matka), Ján Koleník (Bača Ondrej) in Ivan Stodola's play Shpeherd's Wife in the Slovak National Theatre

North-south gas interconnection moves closer

Slovak gas projects will receive finances from the European Union.

The gas pipeline operator Eustream is the biggest taxpayer in Slovakia.