Impact of transaction tax: Multinational companies had to make an exception for Slovakia (poll)
5. May 2025 at 13:23
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Payments are grouped to save.
Additional costs, additional administration. Shared services that do tens of thousands of people in Slovakia expect that transaction tax They will cost hundreds of thousands of euros. The new tax is disadvantaged compared to centers in other countries, which may affect the decision -making of multinational companies about which activities will leave in Slovakia.
After the first month, since entrepreneurs in Slovakia started to pay a transaction tax, SME’s daily from various industries and services with questions about the impact of transaction tax addressed the company.
Impact of transaction tax: Kofola pays hundreds of thousand Read
Tax 0.4 percent is withdrawn the bank to the entrepreneur from the account when transferring money to another account. The ceiling for one transfer is 40 euros. So many companies will pay about 10,000 euros for payment. The tax with an ATM is set at 0.8 percent and does not have an upper limit.
According to the Estimates of the Minister of Finance Ladislav Kamenický should bring EUR 700 million to the state treasury.
« At this point, the transactional tax is irremovable, bringing such a volume of money without which we cannot imagine consolidation, » Prime Minister said at the end of April Robert Fico.
Great Poll on Financial Transactions Tax:
- 1. What practical impact does the transactional tax on your business have yet?
- 2. Is something you see the biggest problem with paying a transaction tax?
- 3. Will you take any measures to alleviate the impact of the transaction tax? What?
Representatives of Deutsche Telekom System Solutions Slovakia, Swiss Re, Henkel Slovakia and Siemens answer questions about the transaction tax.
Pavol Miroššay, Director of Communication, Strategy and Transformation of Deutsche Telekom Systems Solutions Slovakia
1. Transaction tax increases our costs, which weakens Slovakia’s competitiveness compared to other countries. Very little is said that it also significantly increases the administrative burden, especially in cross -border payments where self -taxation needs to be addressed. This brings additional costs associated with human workforce and updating internal systems.
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