Tax expert: Compulsory holiday vouchers are worsening Slovakia’s business environment

Employees can only use vouchers in Slovakia.

Bardejovské kúpele spaBardejovské kúpele spa (Source: SITA)

While compulsory holiday vouchers are pleasing businesses in the tourism sector, they increase wage costs and reduce other employee benefits provided by companies. Additionally, vouchers were introduced in an ad hoc manner, resulting in unplanned costs for companies.

Read also:Tourism in Slovakia gets a boostRead more 

“This is a benefit artificially made up by the cabinet,” said Silvia Hallová, tax partner of the Grant Thornton Slovensko consulting firm. “It has ordered employees where to go for holidays and ordered companies on what kinds of benefits they should provide. Moreover, the vouchers do not respect the holiday habits of Slovaks at all, who mostly go to Croatia for a holiday to enjoy the sea.”

Most firms to which Grant Thornton Slovensko provides tax consultant services have to reduce existing benefits due to the vouchers. Companies see this as a problem, since benefits are how companies differ from one another and fight for new employees in a labour market suffering from a lack of qualified labour.

“The legislation authored by Andrej Danko’s junior coalition party SNS has partly reduced this possibility,” said Hallová, adding that the vouchers worsen conditions for doing business in Slovakia.

Some companies have frozen wage growth while for others the vouchers mean a significant unplanned increase in wage costs for this year.

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

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on
  • 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 and

Top stories

A via ferrata in Martin was closed this week. It will remain closed until October 31.

Weekend: Slovak folk songs translated into American jazz

The latest travel and culture stories from Slovakia. We've got you covered.

17. sep

News digest: Passport required when travelling from Slovakia to the UK again

Bratislava Mayor awarded for his green ideas. Pandemic edition of the White Night festival starts. Slovak batteries for e-cars passed international test.

17. sep
Sky by Monika and Bohuš Kubinský

Bratislava is ready for White Night. Here's all you need to know

A manual for the festival and seven sites selected by The Slovak Spectator.

16. sep
Matúš Vallo during the election night.

Bratislava Mayor Matúš Vallo receives World Mayor Future Award

He was acknowledged for his efforts to transform the Slovak capital into a green, compassionate city.

17. sep
Skryť Close ad