Slovakia: Proposals to support businesses (COVID-19)
Businesses in Slovakia that were economically affected by the coronavirus (COVID-19) pandemic
Businesses in Slovakia that were economically affected by the coronavirus pandemic
Legislative proposals aim to support businesses in Slovakia that were economically affected by the coronavirus (COVID-19) pandemic.
Certain support measures for businesses have been postponed until 1 March 2022 (from January 2022). One legislative amendment would provide benefits to establishments that:
- Were closed due to the tightening of anti-pandemic measures at the end of November 2021
- Have a decrease in sales of more than 40%
- Employ less than 50 employees
Read a December 2021 report prepared by the KPMG member firm in Slovakia
Separately, the Ministry of Economy submitted a bill that aims to reduce the excessive regulatory burden on businesses. The new measures have a proposed effective date of 1 May 2022. Measures in the legislation would address:
- Changes in bookkeeping
- Acceleration of the process of eliminating defects in the Commercial Register
- Changes in the conclusion of contracts by leasing companies
- A change in the creation of tax policy in the municipality
- Occupational safety health and sole-proprietorship companies
- Changes in energy law
Read a December 2021 report prepared by the KPMG member firm in Slovakia
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