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The amount of the subsistence minimum will not be changed this year in Slovakia | Tax & Fiscal Alert

26 Jun 2014

We would like to inform you about the fact that the amount of the subsistence minimum in Slovakia will not be changed as of July 1st 2014. The subsistence minimum remains unchanged for the first time in the modern history of the Slovak Republic.

The Slovak economy has experienced deflation so Ministry of Labour, Social Affaires and Family decided to let the subsistence minimum unchanged and Amendment to the Act on subsistence minimum was introduced.

In praxis it means that starting from July 1st 2014, the social welfare benefits as well as tax bonus will be unchanged too. The tax bonus remains at the amount of 21,41 EUR. Also tax-free allowance whose amount depends on the subsistence minimum remains the same as in 2014, i.e. at the amount of 3 803,33 EUR.

 

Contact
Peter Pašek
Managing Director
Peter.Pasek@accace.com
+421 2 325 53 000

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About Accace

Originally established in Central and Eastern Europe in 2006, Accace ranks among the leading outsourcing and consultancy providers in the region. Engaging over 600 experts, we have vast experience with handling small to large scale, multi-country outsourcing projects and providing a comprehensive range of our services to over 2,000 customers.

About Accace Circle

Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience. Covering almost 40 jurisdictions with over 2,000 professionals, we support more than 10,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 170,000 pay slips globally.

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