Spectator on facebook

Spectator on facebook

Too early for decrease in payroll taxes

A DECREASE in employers’ tax contributions is not a realistic prospect until 2006, says financial analyst Ján Tóth, according to the Hospodárske Noviny daily.

The cash collections of taxes, meaning what actually arrived in state coffers last year was better than planned by SK 14 billion (€361 million).

However, even though this was the case, Finance Minister Ivan Mikloš said that there could be no reduction in taxes for at least a few months. He said it is necessary to consider the accrual principle.

This means that the liability or credits are recorded in the public accounting system at the time they are issued, and not at the time they are due to be paid.

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

Top stories

Slovakia threatened with returning funds for dual education

The system is still not running as it should, and if the country fails to meet goals, it may be asked to pay back the money allocated from EU coffers.

Blog: The wanderer returns home

The places you visit, people you befriend, experiences that leave their mark, they all become a part of you.

Trams will test renewed tram track in downtown Bratislava on Friday

Originally, the tram track should have been put back in operation on November 15

Top 3 news from Last Week in Slovakia Video

EMA will not relocate to Slovakia - Job ads will have to state actual payrates - Trnava factory to produce electric cars

PSA plant in Tranva.