The recent increase in the corporate income tax rate by Prime Minister Robert Fico’s Cabinet was disproportionate according to the opposition party SDKU-DS. The party’s representatives claim that the economic development in Slovakia indicates this as true.
MPs for the opposition party have announced plans to push through a proposal to reduce the corporate income tax rate from 23% to the original 19%. The Finance Ministry headed by Peter Kažimír however claims that the country cannot afford to reduce taxes for the time being due to the current shortfall in state tax revenue.
Gavin Shoebridge
