Spectator on facebook

Spectator on facebook

Association of Towns and Villages and Finance Ministry near agreement on revenue-sharing

An agreement is likely to emerge between the Association of Slovak Towns and Villages (ZMOS) and Slovakia’s Finance Ministry on future distribution of taxes for municipalities, said ZMOS chairman Jozef Dvonč (the mayor of Nitra) at a press conference following an extraordinary convention of the association held on October 24, the TASR newswire reported. According to Dvonč, municipalities will not be financed via the so-called 'tax mix' next year but via a specified share of tax collected on the incomes of individuals.

An agreement is likely to emerge between the Association of Slovak Towns and Villages (ZMOS) and Slovakia’s Finance Ministry on future distribution of taxes for municipalities, said ZMOS chairman Jozef Dvonč (the mayor of Nitra) at a press conference following an extraordinary convention of the association held on October 24, the TASR newswire reported.

According to Dvonč, municipalities will not be financed via the so-called 'tax mix' next year but via a specified share of tax collected on the incomes of individuals.

"The only way of halting this [proposed] law is during second reading [in Parliament]. The whole effort is heading towards this," said Dvonč, adding that Finance Minister Ivan Mikloš needs some space for discussing changes with coalition partners in the government.

If the proposed law is withdrawn and the old rules for distribution of taxes remain in place municipalities will have to be content with lower revenues, Dvonč said.

"The percentage most probably won't remain at the current level – that is 70.3 percent of the taxes on the income of private persons; this percentage may be reduced," Dvonč stated as quoted by TASR.

According to Dvonč, the tax mix would bring a total of €1.2 million to municipalities next year while the current rules would bring €1.4 billion. An agreement between ZMOS and the Finance Ministry may bring more than €1.3 billion.

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.

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

Slovakia is the first country to test a new VAT refund app

Getting money back for buying souvenirs in Slovakia will be easier - there will be an app.

Illustrative Stock Photo

Prosecution has found errancies in criminal files related to self-employed farmers

General prosecutor feels that some prosecutors in the east of Slovakia follow their own conscience and opinion and not valid legislation.

General prosecutor Jaromír Čižnár

Begin afresh

I’m not sure if there is a typical Canadian way to get married.

Homophobic banners attributed to Ján Mrva give rise to criminal complaint

The Bratislava Mayoral candidate denies being behind the banners but has not condemned the contents argues NGO.

Ján Mrva