One sentence summary | October 2024

kpmg@kpmg.sk +421 259 984 111

Last month’s tax and legal news in brief.

The European Central Bank decreases interest rates. From 23 October 2024, the interest rate on main refinancing operations is reduced to 3.40%, the interest rate on overnight refinancing operations to 3.65% and the interest rate on overnight sterilisation operations to 3.25%.|
As of 1 January 2025, the monthly minimum wage will change to EUR 816 and the hourly wage according to the number of hours worked will change to EUR 4,690, according to the notification of the Slovak Ministry of Labour and Social Affairs and Family. The Notice of the Ministry of Labour, Social Affairs and Family on the amounts of minimum wage entitlements for 2025 has also been published in the Collection of Laws, which can be found at this link.
Parliament has approved an amendment to the Minimum Wage Act, under which the amount of the monthly minimum wage is changed from the current 57% to 60% of the average nominal monthly wage.
The President ratified the treaty between the Slovak Republic and the Kyrgyz Republic on the avoidance of double taxation in the field of income taxes and the prevention of tax evasion and avoidance.
On 25 October 2024, the Act No. 279/2024 Coll. on Financial Transaction Tax was published in the Collection of Laws, as well as the Act No. 278/2024 Coll. amending several acts related to improving the state of public finances.

Our experts will answer your questions

Ask us

Share the article

Recommended