AmCham presents Mikloš with proposals to help businesses

Profits from selling shares should be made tax-free, and the system of fines for breaking accounting and tax-payment rules should undergo changes, according to proposals presented by the American Chamber of Commerce (AmCham) at a meeting with Finance Minister Ivan Mikloš on Thursday, November 18.

Profits from selling shares should be made tax-free, and the system of fines for breaking accounting and tax-payment rules should undergo changes, according to proposals presented by the American Chamber of Commerce (AmCham) at a meeting with Finance Minister Ivan Mikloš on Thursday, November 18.

"We need to look into this in detail and assess all the possible effects," Mikloš said after his talks with AmCham. He agreed that the current system of fines in relation to accounting and taxation procedures is not a good one. "A company that is reluctant to co-operate with the relevant authorities can end up with lower fines than another company that does co-operate," explained the minister. "The taxation of capital incomes from sales of company shares is also a problem, as these are actually taxed twice," said Mikloš, adding that if AmCham's proposals are implemented, Slovakia's competitiveness and economic growth would increase, and the country could see more investments.

Source: TASR

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

Get daily Slovak news directly to your inbox

Top stories

News digest: Who will take the swabs?

The government offers hundreds of euros to health care staff for testing. Curfew ends on Saturday for some. Take a look at testing sites and more.

PM Igor Matovič helped with testing in Tvrdošín.

People with negative tests can go to hairdresser or outdoor terraces

Those with a negative test result will have to follow rules introduced on October 15.

Companies fear drop in demand for their products and services the most

International chambers of commerce asked companies about their current situation as well as expectations.

Companies implemented anti-coronavirus measures.

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov