Radovan Durana
Economy

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I recently overheard an interview in which the irrationality of Slovaks who refuse to buy more economically advantageous electric cars was criticized. Quite often, I encounter the fact that owners of electric vehicles fail to look at this problem through the eyes of the average driver. First, it is important to realize that the average Slovak drives either a second-hand car or his old car. In September alone, 5,000 individually imported cars were registered in Slovakia.

Economy

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In its program statement, the government announced its intention to increase the progressivity of personal taxation. In the budget plan, it already speaks specifically of the intention to “introduce 3rd and 4th personal income tax rates from 2025,” which is expected to increase public revenues by EUR 78 million. A 3rd rate of 30% is to apply to annual personal income above EUR 80 000.

tax
Economy

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Slovakia’s new government has finally succumbed to the Sweet Tax Temptation, as we called it in our last publication. The Ministry of Finance has published a preliminary announcement describing its intention to introduce the tax. You read that right; it is not the Ministry of Health that is in charge of the health of the population and the sustainability of health spending.

Economy

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The need to consolidate public budgets is perhaps already evident, even to those political parties that have long perceived resources as limitless and freely available. Investors worldwide eagerly await opportunities to lend to debt-ridden Slovakia. Consolidation plans are beginning to emerge, the Financial Policy Institute at the Ministry of Finance has published the impact of austerity and tax measures on GDP.