BRATISLAVA, July 6, (WEBNOVINY) — The Cabinet endorsed at its sitting on Friday an increase in social and health insurance payments for sole proprietors and contract agents. The minimum assessment base for the self-employed will go up from the current 44.2 percent to 50 percent of the average wage in Slovakia two years ago. This year, the minimum assessment base is EUR 339.89 while next year it is to stand at EUR 393. Minimum social and health insurance payments for sole traders will thus rise from the current EUR 160.24 to EUR 185.3.
The current 40-percent deductible flat expenditures for sole traders will get a new monthly cap at EUR 420. At the same time the current coefficients of 2 in social insurance and of 2.14 percent with health insurance by which the tax base is divided to calculate the assessment base for paying payroll levies will be gradually lowered over the next three years to the joint coefficient of 1.486.
The Cabinet also agreed to increase the levy burden on income from contracts on work executed outside employment contracts. A person working based on contracts on work executed outside an employment contract will pay sickness, pension, and unemployment insurance like any other employee. The exception is proposed just for students and beneficiaries of old-age and disability pensions. These groups of private individuals will pay only pension insurance from this income, said the ministry.
SITA
