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

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships. He allegedly did not expect it and was easy with the idea he would not win.

Ballet legend Sergei Polunin will be guest of SND

The world-renowned personality of contemporary ballet will present two choreographies at the Slovak National Theatre in September.

Sergei Polunin

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.