Spectator on facebook

Spectator on facebook

Slovak companies and people on high incomes to pay more in taxes

Companies in Slovakia are set to pay tax at 23 percent on their profits instead of the current 19 percent, Prime Minister Robert Fico said after a session of the Council for Solidarity and Development held on Thursday, May 24. The government hopes the hike will raise an additional €366 million in tax revenues.

Companies in Slovakia are set to pay tax at 23 percent on their profits instead of the current 19 percent, Prime Minister Robert Fico said after a session of the Council for Solidarity and Development held on Thursday, May 24. The government hopes the hike will raise an additional €366 million in tax revenues.

According to Fico, the basic personal tax rate will stay at 19 percent. However, those with an income exceeding a certain "very high" threshold will have to pay more. "It's premature to discuss specific figures at this moment," Fico said, as quoted by the TASR newswire.

The president of the AZZZ employers' association, Rastislav Machunka, said that the Government is considering a 25-percent tax rate on incomes exceeding €3,000 per month. "We respect the strong political mandate this government enjoys for introducing such a measure. However, we can't agree with it, as we consider punishing those who are successful and who create conditions for employing people with lower incomes to be a backward step and the wrong approach," said Machunka.

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.

Top stories

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico