Slovak Parliament Modifies Micro-Contribution System for Small Entrepreneurs

Slovakia's parliament has modified a new micro-contribution system for social insurance payments that will affect self-employed individuals and small entrepreneurs starting in July. The National Council, Slovakia's parliament, made last-minute changes to the mandatory micro-contribution system, which requires certain freelancers and sole proprietors to pay a new type of social insurance premium to the Social Insurance Agency. However, critics warn that the new contribution threshold remains too low and creates a high risk that entrepreneurs will attempt to avoid payments. The micro-contribution system is designed to provide basic social insurance coverage for small-scale self-employed workers, though it will not guarantee higher pension benefits for participants.