Spectator on facebook

Spectator on facebook

Finance Minister proposes changes in self-employed tax payments

THE FINANCE Ministry is proposing an increase in the proportion that self-employed people (SZČO) can deduct from their tax base in the form of the so-called “flat expenditures”.

Originally the ministry planned to introduce an expenditure rate of 35 percent for all groups, instead of 60 percent for craftspeople and 25 percent for other SZČO. Now, the ministry is proposing that the 60-percent for craftspeople be retained and raising the 35-percent for other SZČO to 40 percent, the daily Pravda reported.

The flat expenditures amount is deducted from the SZČO's overall earnings per year together with the payroll taxes that SZČO pay to social and health insurer, thus lowering their actual tax base.

According to Pravda, the proposed adjustment would result in an annual saving of Sk5,500 (€143) per year for a SZČO who makes Sk35,000 (€910) per month.

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.