International Monetary Fund’s (IMF) advice to Slovakia to preserve the 20% VAT rate and focus more on boosting state revenues rather than further cutting of expenses. The IMF assumes that the plan to reduce VAT to 19 % would responsible for 0.3% of annual GDP.
«
WTO: G-20 forces on Free Trade, despite New Duties
Related Posts
IMF Working Paper: Strengthening Tax Governance Through Legal Design
An IMF working paper of 17 January 2025 written by L. Sofrona, C. Waerzeggers and B. Crowley with the title Strengthening Tax Governance Through Legal Design looks at tax governance in tax administration and how this can be strengthened. The
Read MoreIMF: Briefing on the World Economic Outlook
In the briefing on the latest World Economic Outlook on 17 January 2024, the Director of the IMF’s Research Department confirmed that global growth is projected to remain steady at 3.3% in 2025 and 2026. Globally, inflation is expected to decline
Read MoreIMF Updates World Economic Outlook
On 17 January 2025 the IMF published the update to the World Economic Outlook, with the subtitle Global Growth: Divergent and Uncertain. The update notes that global growth is expected to remain stable at 3.3% in both 2025 and 2026, below the
Read MoreSlovak Republic tax authority introduces prefilled 2024 vehicle tax returns for certain taxpayers
The Slovak Republic’s tax authority has released a detailed document announcing the launch of a new service to prefill motor vehicle tax returns for 2024. The service is for taxpayers who use the tax authority's electronic mailbox and have
Read MoreEU Tax Observatory issues publishes paper on global minimum tax, profit shifting
The EU Tax Observatory has released a working paper titled Global Minimum Tax and Profit Shifting in October 2024 offering an in-depth analysis of tax data from the Slovak Republic. The findings suggest that the Pillar Two global minimum tax could
Read MoreIMF Report looks at Australia’s Economic Position
On 23 December 2024 the IMF staff issued a report following consultations with Australia under Article IV of the IMF’s articles of agreement. Economic growth is projected increase gradually, from 1.2% in 2024 to 2.1% in 2025. Real income growth
Read More