Fico government proposes reduction of some payroll taxes, minimum wage increase

The government of Prime Minister Robert Fico is prepared to decrease payroll taxes for people with low income, believing this will help create new jobs in Slovakia.

The government of Prime Minister Robert Fico is prepared to decrease payroll taxes for people with low income, believing this will help create new jobs in Slovakia.

Fico added that the minimum wage should be increased soon, too. “There is a proposal from the Labour Minister foreseeing a 2.5-percent raise,” Fico said on Wednesday, August 21, at the meeting of the Council of Chairs on Labour Unions.

He added that it is still necessary to “measure” the impact of the increase of minimum wage for Slovak employees on the economy. “It is not possible for someone who works to live under the poverty limit,” Fico said, as quoted by the TASR newswire. “I will do my utmost to make it more than 2.5 percent,” he concluded.

Fico pointed out that the proposal to reduce payroll taxes for low-income workers only recently emerged on August 20, and that it will have to be discussed within the government between himself, the Labour Minister, the Economy Minster, and others.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
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