Spectator on facebook

Spectator on facebook

IN SHORT BUSINESS

Too early to cut taxes, says Finance Minister

A DECREASE in taxes in the near future is not a realistic proposition, according to the Hospodárske noviny daily.

The cash collection of taxes, meaning what actually arrived in state coffers last year, was better than planned by SK14 billion (€361 million).

However, Finance Minister Ivan Mikloš said that even though this was the case, it is necessary to consider the accrual principle.

This means that credits and liabilities are recorded in the public accounting system at the time of issue, not at the time they are paid.

He added that budget revenues do not allow for a reduction in taxes in the next few months.

Top stories

The art of baking Bratislava rolls Photo

Vienna has Sacher torte, Budapest has Somlói galuska and Bratislava has rolls

Ján Šimunek loves Bratislava rolls, especially those filled with poppy seed.

Sagan shows impressive core exercises Video

The three-time world champion will start the new season in a month's time in Australia.

Peter Sagan

Slovak cybersecurity firm participated in global operation to disrupt malware system

Eset monitored malware and its impact on users over several years

UN committee: Slovakia still discriminates against Roma

Government should adopt measures to remove discrimination and segregation of the minority.

Moldava nad Bodvou