Spectator on facebook

Spectator on facebook

Companies bear an aggregate regulatory burden of €12 billion annually

Employers complain about rising regulatory and administrative burden

Observing frequent changes in legislation is no simple matter.(Source: SME)

The long-term costs of the regulatory and administrative burden are significant barriers to business development in Slovakia, according to analysis performed by the National Association of Employers (RÚZ). On October 2, they introduced their study of the development of the regulatory burden in Slovakia due to selected important laws influencing the business environment.

The analysis showed that the biggest obstacles are the burdens of taxes and levies on businesses and a number of registration and administrative obligations, which are often duplicated.

“Slovakia finally needs to start adopting a package to support the business environment,” said Luboš Sirota, vice-president of the RÚZ at Monday’s news conference. The number of regulatory obligations for businesses is growing steadily. In the 10 laws analyzed, there was an increase from 1,514 obligations in 2007 to 1,719 obligations in 2016.

“In terms of finances, all this for entrepreneurs in Slovakia means that they carry the total regulatory burden of more than €12 billion per year,” said Sirota as cited by the SITA newswire.

The employers consider the persisting instability of the legislative environment to be a chronic problem.

“Between 2007 and 2016, the Trades Act was amended most frequently, 54 times in total, and the Income Tax Act 53 times,” reads the analysis.

The Labour Code was amended on average two to three times a year over the same period. Employers complain that the average pace of these legislative changes is hectic.

“It is absolutely unreasonable to change the Trades Act 12 times in a single year,” Sirota said.

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

Yuri Dojc: I did not want to live under occupation

Slovakia is not even close to what I remember from my life here, says the Canadian-Slovak photographer.

Yuri Dojc today: "A reflection of an older man in the mirror with glimpse of an attractive woman , who is my wife"

We will not allow Ján and Martina to be forgotten

Statement from Slovak journalists half a year after the murder of Ján Kuciak and Martina Kušnírová

Illustrative stock photo

Our emigrants’ stories: lessons in humanity

Slovaks who fled the 1968 occupation tell us what it means to be a refugee.

Pictures from The Gift pantomime show. Milan Sladek wrote it in the Swedish Goteborg in 1969 as a metaphor of Czechoslovakia's cohabitation with the Soviet Union.

We were on the run, but we were welcomed Photo

Slovak-Swiss writer Irena Brežná was forced to emigrate but found a way to fill her life with meaning in a foreign land.

Irena Brežná arrives to Switzerland.