President Kiska made a mistake with his firm KTAG's taxes. How?

He did not sign a new contract with his firm to manage his presidential campaign between 2013 and 2014. But, the KTAG claimed a tax deduction for the campaign expenditures.

President Andrej Kiska. President Andrej Kiska. (Source: Sme)

Where did Slovakia's President Andrej Kiska go wrong when funding his 2014 presidential campaign? Why has the investigator initiated the criminal prosecution of Eduard Kučkovský, a manager of Kiska's KTAG firm? Could the Slovak president also face criminal prosecution?

The biggest problem in financing Kiska's campaign is the president's contract with his own KTAG firm, an analysis by the Sme daily shows. It is based on available information, including the statement of charges against Kučkovský.

If Kiska had entered into a proper contract with his firm, explicitly stating the company would manage his election campaign, and paid for the company's invoices, the KTAG could defend its expenses on the president's campaign before a tax office more easily.

Apparently, Kiska had not intended to avoid paying taxes because the KTAG paid them (including VAT) in due time. Nonetheless, it was later discovered that the company had paid less on taxes at a certain point. The firm paid the due money, however.

Kiska funded his campaign with his own funds, which he had deposited in the KTAG. Yet, there are still irregularities prevalent in this case.

The president has an estimated fortune of several million euros.

1) Campaign as a business activity

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Get daily Slovak news directly to your inbox

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.

Theme: Kiskova bývalá firma KTAG

Read more articles by the topic

Top stories

He immigrated to the US, captured in the iconic photo of the Iwo Jima battle

Michael Strank did not live to see the capturing of the island.

Raising the Flag on Iwo Jima

Slovak hockey player in Boston receives recognition for his work

He received special tailor-made golden gloves and the mayor of the city gave him a street sign bearing his name.

Will protection of the Morské Oko nature reserve be reduced?

Activists from VLK have handed 62,000 protest signatures to the Environment Ministry.

Morské oko in the Vihorlat Mountains, eastern Slovakia.

Foreigners: Slovakia’s city of tolerance has a lot to offer

Košice is not only about St Elisabeth Cathedral and ice hockey.

Wintertime in Košice.