Slovak Business Community Welcomes Higher Tax Deductions but Calls for Deeper Reform

Slovak entrepreneurs have expressed support for a proposed increase in the deductible allowance on social and health insurance contributions, a measure that would allow self-employed workers and small business owners to keep more of their earnings. While the business community broadly welcomes the change, representatives are also calling for broader systemic reforms to the country's tax and levy framework, arguing that piecemeal adjustments are insufficient to address structural inefficiencies that weigh on competitiveness. Slovakia's contribution burden on the self-employed has long been a point of contention, with many entrepreneurs arguing the current system discourages formal business activity and entrepreneurship.