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One sentence summary | September 2023

Last month’s tax and legal news in brief.

  • New rates of the meal allowances for business trips will come into force on 1 October 2023: EUR 7.80 (for the time zone 5 to 12 hours), EUR 11.60 (for the time zone over 12 to 18 hours) and EUR 17.40 (for the time zone over 18 hours). In this context, the minimum value of the meal voucher increased from EUR 5.48 to EUR 5.85, the minimum employer contribution/financial contribution increased from EUR 3.02 to EUR 3.22 and the maximum employer contribution/financial contribution increased from EUR 4.02 to EUR 4.29. Financial Administration has updated methodological guideline on meal allowance for employees in this respect, you can find it here (available only in Slovak language).

  • The Social Insurance Agency has published detailed information on social security contributions relief for employers in the food and agriculture industry. According to the amendment to the Social Insurance Act, the social security contributions should have temporarily reduced for these taxpayers from 1 August 2023 to 31 January 2024. Relief for the months of August and September will also be taken into account retroactively.

  • The Financial Administration introduced the new FS Drive service for the secure transfer of large files and data, which will simplify sending of documents, especially during tax audits. New application does not replace the obligation of electronic communication with the Tax Authorities. You can find more information at this link.

  • As of 1 January 2024, the monthly minimum wage will increase from EUR 700 to EUR 750 (based on degree of work intensity). This amount applies to full time employees working 40 hours per week. The hourly minimum wage will increase to EUR 4,310. The increase of the minimum wage is also related to the increase of some wage allowances for working in non-standard hours.

  • The European Central Bank increased the key interest rates on the main refinancing operations to 4,50% with effect from 20 September 2023.

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