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New tax system enters second year

THIS YEAR, for the first time, a 19 percent flat tax will be levied on citizens' income from the previous year, including supplemental income earned separately from one's primary job, reported the SME daily.

The amount of annual tax-free income people could earn on the side rose from Sk10,000 (€258) in 2003 to Sk40,416 (€1,043) for 2004.

As of 2005, employees and self-employed people can reduce their annual tax burden by making payments towards supplementary pension savings, life insurance, and other pension savings.

The saver is required to continue his contributions for 10 years and deposited funds cannot be withdrawn until he is 55 years old.

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Gilden: Take the negative and make a positive from it Photo

The works of New York native, photographer Bruce Gilden, who has worked for five decades in the streets of the biggest cities, are on exhibit in the Kunsthalle (House of Arts) in Bratislava.

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The people of Slovakia deserve the credit for the remarkable progress that this country has made over the past twenty-five years, US ambassador writes.

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Robert Fico has lost the electoral magic he once had Plus

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Robert Fico claims that Smer won the regional elections because it is the party with the most chairs in regional councils.