Slovak Government Considers Eliminating Transaction Tax and Expanding Business Opportunities for Teenagers

Slovakia's ruling coalition is preparing to discuss a package of economic growth measures on Thursday, including the elimination of the transaction tax, recreational and sports vouchers, and allowing 16-year-olds to establish businesses or become sole proprietors. The Ministry of Economy has compiled a broader list of proposed measures aimed at boosting economic growth. Education Minister Tomáš Drucker surprised observers on Tuesday when he revealed that the coalition is planning to abolish the transaction tax, which was originally introduced as a revenue-generating measure. The coalition council meeting will review these proposals as part of efforts to stimulate Slovakia's economic development through regulatory reforms and expanded business opportunities for young entrepreneurs.