Fiscal decentralisation approved

PARLIAMENT approved a set of laws that introduce new income tax distribution rules.

Of the Sk33 billion (€825 million) expected from citizens' income taxes next year, 70.3 percent will go to municipalities, 23.5 percent will go to higher territorial units, and 6.2 percent will go to the state.

The laws also define 12 local taxes and one local fee, the amount of which municipalities can set themselves.

The Association of Towns and Villages (ZMOS) is pleased with the approved laws.

"Our budget will no longer solely depend on how much the parliament and cabinet decide to allocate to us," ZMOS Deputy Chairman Vladimir Bajan said to the Pravda daily.

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

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