Spectator on facebook

Spectator on facebook

Firms will get grades for reliability starting 2018

The Financial Administration (FS) has been preparing a chart grading the reliability of Slovak companies that will help them fine-tune rules.

František Imrecze, head of the Financial Administration (Source: TASR)

The Financial Administration (FS) is working on a tax reliability index, with its head Frantisek Imrecze presenting the project at a parliamentary committee session on March 15.

"We will check on those who are unreliable even more than now,” Imrecze said, adding that if a reliable source makes a mistake, FS will strive for a milder punishment.

The index will consider over 40 criteria but companies will not know their evaluation. It is not yet known whether the criteria will be disclosed publicly, the Hospodárske noviny daily wrote.

The IT system to generate the index will cost €2.7 million. The contract was given to the company Lynx, which developed the VAT ledger system for tax authorities.

The Financial Administration will inform the firms on potential advantages in case they are reliable.

The first evaluations are expected by January 2018.

Topic: Economics


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