Slovakia Reverts Fiscal Strategy

Politics ♦ Published: December 10, 2013; 06:28 ♦ (Vindobona)

The Slovak parliament has approved the government-authored corporate tax rate cut from 23% to 22%. Further cuts are expected to come.

Slovakia Reverts Fiscal Strategy / Picture: ©

At the beginning of 2013, the Slovak government has raised the flat tax from 19% to 23%. Now, Slovakia takes back the amendment gradually.

Slovakia´s parliament has passed the tax law which lowers the corporate income tax rate. According to the Slovak government further cuts may come. Prime Minister Robert Fico underlined that he wants to go further. Next year, the tax rate may…