According to the new forecast, the state will collect 600 million euros less in taxes, with a significant drop in VAT
Slovakia's tax revenues are projected to be 600 million euros lower than budgeted, largely due to weaker economic growth and declining wage increases.
Seven slices of cheese for 3.60. Why groceries regularly become more expensive after the New Year
The article discusses the regular increase in food prices in the new year, attributed to higher VAT on sugary and salty products, rising minimum wages, energy costs, and weather impacts, while expecting a price drop in highly demanded food items after the holiday season.
Consolidation package increases minimum tax for companies and tightens revenue records
The government has raised taxes for not only entrepreneurs and employees but also companies, tightening the rules regarding VAT deductions for company cars and expanding mandatory revenue records to additional businesses.
Russia Increases VAT
Starting in 2026, Russia will raise the VAT rate from 20% to 22% to help finance the war in Ukraine, potentially adding 1.187 trillion rubles (13 billion euros) to the state budget this year amid high inflation and sanctions.
Price increases and decreases: housing sets the pace of a paused economy
The article discusses how fluctuations in housing prices influence the overall economic situation, highlighting a projected inflation rate of 2.9% for 2025 amid changes in VAT and food prices.
Tax reductions and new salary increases are coming in 2026, what changes for wage earners and pensioners
The article discusses upcoming tax cuts and salary increases in 2026, including benefits for public employees and reduced VAT on islands, which will directly impact wage earners and pensioners.