Spectator on facebook

Spectator on facebook

Opposition to contest tax licenses at Constitutional Court

OPPOSITION parties grouped within the People’s Platform and extra-parliamentary New Majority-Agreement (NOVA) are taking a coordinated course of action to prevent the passing of new tax licenses, the TASR newswire reported on November 29.

OPPOSITION parties grouped within the People’s Platform and extra-parliamentary New Majority-Agreement (NOVA) are taking a coordinated course of action to prevent the passing of new tax licenses, the TASR newswire reported on November 29.

The four parties are convinced that the introduction of the tax licenses, designed as part of the amendment to the Income Tax Act, will harm the business environment in Slovakia.

NOVA, led by former justice minister Daniel Lipšic, is ready to take the matter up with the Constitutional Court.

"We're launching talks with opposition MPs about filing a complaint with the Constitutional Court,” TASR quoted him as saying. “The amendment to the Income Tax Act seeks to change the rules of the game retroactively on how businesses write off their losses. In terms of the stability of the business environment and employment, it's important to take such a proposal to the Constitutional Court.”

The Finance Ministry, however, defends its measure and maintains that approximately 60 percent of companies operating in Slovakia do not pay any taxes and pointed out that, with the introduction of the licenses, income tax rates for firms will drop from 23 percent to 22. The rate of individual tax license will depend on the turnover of a given company and whether or not it pays VAT. Companies which do not pay VAT and see a turnover of up to €500,000 will pay €480, whereas those paying VAT with the same turnover category are to pay €960 and firms with turnovers exceeding €500,000 will pay €2,880, TASR wrote.

Source: TASR

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Rector, minister, president. Why nobody halted the plagiarists’ appointment?

None of the concerned parties see their role in evaluating the moral qualities of the candidate for professor.

Marian Vanderka

Fallen lines and engine fires: Slovak trains are not without incidents Photo

Slovak rail carrier ZSSK is facing a massive wave of criticism after some recent accidents.

Fire on a train between Šaľa and Galanta.

Pohoda Festival organisers to pay compensation to parents of fatality

The verdict obliging the famous music festival to pay damage compensation to those bereft of a girl who died in 2009 from injuries caused by a fallen tent is not effective yet.

The damaged tent hit or put at risk at least 300 people back in 2009.

Rules for hiring foreigners are simpler. For exceptions

Despite positive changes, employers still point to some barriers preventing more effective and simpler recruitment of foreign workers.

Some problems with Foreigners’ Police continue.