BRATISLAVA, December 20, (WEBNOVINY) — At an unscheduled parliamentary session on Tuesday, legislators will discuss an amendment to the law on income tax that among others introduces a tax on possession and sale of emission allowances (AAU). President Ivan Gasparovic returned the amendment to parliament proposing that lawmakers approve it with the changes he suggests. Parliament meets at 1 p.m. The head of state returned the amendment on Friday, after the December session ended, which was supposed to be last one this year.
The National Association of Employers (RUZ) wants to be involved in the preparations of the regulation to the emissions’ tax if legislators override the presidential veto at the unscheduled parliamentary session on Tuesday. Last Friday, President Ivan Gasparovic returned the revision to the income tax law, which introduces the new tax on possession and sale of emission quotas (AAU), to the parliament. President of the Association Marian Jusko told a news conference on Monday that the regulation should ensure taxation of speculators, which is positive, but not of investments in technology when companies can bolster progress. He stated that the Finance Ministry would give room to employers so that they will be able to influence the elaboration of the core regulation to the emission tax.
The president argues that taxation of emission allowances requires a thorough justification and in his opinion, this condition was not fulfilled in the case of the amending proposal from the workroom of coalition deputies imposing new tax on emission allowances. Gasparovic suggested that the revision come into force effective as of March 1, 2011 after legislators greenlight it again.
The veto could influence the state budget as it may affect its revenues. The amendment’s postponed coming into force could disturb the Cabinet’s consolidation effort. The coalition will need 76 votes to override the presidential veto.
SITA