BRATISLAVA, June 21, (WEBNOVINY) – Private entities with monthly income exceeding EUR 3,246 will pay higher tax. Prime Minister Robert Fico announced after a meeting of the Solidarity and Development Council on Thursday that this group of employees will pay a higher, 25 percent income tax rate. “I speak about one percent of inhabitants of Slovakia who will have a 25-percent tax rate,” Fico specified the group of people to be hit by the measure.
„We insist that this category include also constitutional officials even if they do not fulfill the criterion of 3,246 euros. This measure however will not touch judges and prosecutors. It will affect them only if they earn more than EUR 3,246,” said the prime minister. Equal tax that meant 19-percent income tax rate for both private individuals and businesses thus definitively winds up in Slovakia. “There is no place in the world for equal tax in this era,” said the prime minister. The government has announced already earlier that it will increase the income tax rate for corporate entities to 23 percent.
The Solidarity and Development Council also dealt with the intention to surge five-fold the base for calculating payroll levies. This step should hit people who earn at least EUR 1,200 monthly, which is 12 percent of people in Slovakia, according to Fico. The Council also discussed levies on dividends for private individuals. Fico specified that private individuals will pay levy at 14 percent on dividends, while the cap will be EUR 14,000.
Registration fees for imported cars and cars sold in Slovakia was also on the agenda of the meeting of the Solidarity and Development Council. However, higher fees should not affect small and lower medium category cars.
SITA
