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Finance minister ditches inheritance tax proposal

Finance Minister Peter Kažimír has changed his plans to tax inheritances. While last week he said that such a tax would become part of his measures to raise the state's income, he has now changed his mind and announced that the tax will not be part of the Finance Ministry’s immediate plans after all.

Finance Minister Peter Kažimír has changed his plans to tax inheritances. While last week he said that such a tax would become part of his measures to raise the state's income, he has now changed his mind and announced that the tax will not be part of the Finance Ministry’s immediate plans after all.

“Tax from inheritance will surely not be imposed with the effectiveness date as of January 1 of next year,” Kažimír said, as quoted by the Sme daily. He added that the proposal for the new tax had only been his personal opinion, and had not been agreed upon by the ruling Smer party.

Ján Baránek from the Polis polling agency said he assumed Kažimír’s plans had been scotched by someone within Smer who was concerned about the electoral impact of the new tax.

Slovak Democratic and Christian Union (SDKÚ) MP Ľudovít Kaník opined that Smer probably realised that the tax, something similar to which applied in Slovakia until 2003, would not bring a significant amount of money into the state budget.

Source: Sme

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

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