Prime Minister Fico proposes ending flat income tax rate

Individuals in Slovakia with a monthly income exceeding €3,246 will pay a higher tax rate, Prime Minister Robert Fico announced after a meeting with the Solidarity and Development Council on June 21. This group of individuals will pay a 25-percent income tax rate, higher than the current 19-percent flat rate that has been in effect for many years.

Individuals in Slovakia with a monthly income exceeding €3,246 will pay a higher tax rate, Prime Minister Robert Fico announced after a meeting with the Solidarity and Development Council on June 21. This group of individuals will pay a 25-percent income tax rate, higher than the current 19-percent flat rate that has been in effect for many years.

"I speak about one percent of the inhabitants of Slovakia who will have a 25-percent tax rate," Fico told the SITA newswire. "We insist that this category also include constitutional officials even if they do not fulfil the criterion of €3,246 per month.

This measure will only affect judges and prosecutors who earn more than €3,246, Fico said.

The flat tax with a 19-percent rate for both individuals and businesses is likely to end if the Slovak parliament passes the proposal. The government earlier announced that it plans to raise the tax rate for businesses to 23 percent from its current rate of 19 percent.

Source: SITA

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

Get daily Slovak news directly to your inbox

Top stories

News digest: Nationwide testing gained contours

The Defence Ministry reveals details on upcoming testing, removal of the STU rector was far from normal. Take a look at our latest news digest.

President Zuzana Čaputová meeting with scientists and experts on epidemiology, infectology and medicine.

Senate voted STU rector down. Police called to the uni as well

The session of the Academic Senate proposed that Rector Fikar be dismissed.

Miroslav Fikar

Dozens of people die of COVID every day. A drop not expected for at least two weeks

People who would otherwise survive may die of other serious diagnoses due to the epidemic.

Illustrative stock photo

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.