Spectator on facebook

Spectator on facebook

FOCUS SHORT

Property taxes rise across Slovakia

LOCAL real estate tax rates increased by 13.5 percent on average across Slovakia in 2012. Out of 79 districts, 41 increased their rates and four decreased them, the TASR newswire reported in late January.

LOCAL real estate tax rates increased by 13.5 percent on average across Slovakia in 2012. Out of 79 districts, 41 increased their rates and four decreased them, the TASR newswire reported in late January.

“After four years of stagnation we have registered in most districts a growth in these taxes,” said Róbert Kičina, the executive director of the Business Alliance of Slovakia (PAS). “In spite of this it is possible to evaluate this average increase as very modest.”

Property taxes are now more than twice what they were in 2004, when they were set by the state. They increased the most between 2004 and 2005, when municipalities were allowed to set tax rates on their own for the first time. Afterwards their growth slowed.

Kičina pointed out that while property taxes in Slovakia accounted for only 0.4 percent of GDP in 2009, the average in OECD countries was 1.8 percent.

Topic: Finances and Advisory


Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár