Pensioners who worked in Slovakia in 2008 will be able to recover tax deducted by their employer – providing they submit a tax return within the next three weeks.
The allowance will have most effect for pensioners who earned less than Sk49,248 (approximately €1,630) last year. However, to claim back tax pensioners must submit a tax return, since a return is regarded as their application to get the money back.
Many pensioners supplement their incomes by doing part-time or short-term jobs. According to the Act on Income Tax, they don’t have to pay income tax if their earned income was below Sk49,248 – which is the case for many working pensioners, the Sme daily wrote.
Normally, employers deduct 19 percent from wages as tax. Pensioners can claim this back (in euros) providing that they submit a tax return before the end of March. Sme
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.