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

Slovakia responds cautiously to possible EC-Gazprom deal

EC says commitments by Gazprom would improve trade in Russian gas in Europe.

European Commissioner for Competition Margrethe Vestager speaks during a media conference regarding Gazprom at EU headquarters in Brussels on March 13.

Verdict reached on attacker in the case of the neo-Nazi attack on the Mariatchi bar Video

This is the third sentence concerning the attacks in front of the bar, but the main trial still waits for expert opinion.

Foreigners: Events in Bratislava

Tips for performances and other events in the capital between March 24 and Apr 2, including concerts, ballet, dance, comedy show, meeting, courses, festivals, exhibitions and more.

Hostages to fortune

Britain will trigger Article 50 to leave the EU on 29 March. She and her EU partners could, and should, guarantee the rights of their citizens living abroad – including tens of thousands of Slovaks in the UK. That…

Theresa May announced Brexit will start on March 29.