AmCham Slovakia

A survey of businesses within the Rule of Law Initiative highlights widespread concern over Slovakia’s fiscal consolidation package. 

Companies see the greatest risk from the unexpected financial transaction tax and higher corporate income taxes—expected to generate €700M and €500M respectively. About 59% anticipate cost increases, while 52% expect to reduce investments. Firms plan to pass on costs to consumers and suppliers, cut wages, and even shift transactions abroad. These changes could drive up inflation, dampen demand, and reduce GDP growth by an estimated 0.4 percentage points in 2025. Read the presentation from Mr. Viliam Páleník here.