One sentence summary | September 2026

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Last month’s tax and legal news in brief.

From 1 January 2027, following an announcement by the Ministry of Labour, Social Affairs and Family of the Slovak Republic, the minimum wage will increase to EUR 972 per month for employees paid a monthly wage. The minimum hourly wage will be EUR 5.586 for each hour worked.

On 15 September 2026, Parliament approved an amendment to the Building Act, the aim of which is to clarify the legal framework, harmonise the interpretation of individual provisions and facilitate their application in practice. It also introduces changes in the areas of building permits, unauthorised building works and the exercise of state building supervision. The amendment also includes related changes in the areas of income tax and local taxes, effective from 1 January 2027, in particular clarifications to the rules on the tax depreciation of buildings and information structures, the technical upgrading of assets, and the harmonisation of tax regulations with the new building legislation.

The European Central Bank is continuing to raise interest rates. With effect from 16 September 2026, the interest rate on main refinancing operations has risen to 2.65%, the interest rate on overnight refinancing operations to 2.90% and the interest rate on overnight sterilisation operations to 2.50%.

Monaco has tabled a bill to introduce a minimum tax under Pillar II, with effect from 31 December 2026. The draft includes a domestic top-up tax (DMTT) based on the OECD’s GloBE rules. The draft also introduces several safe harbour regimes and sets out new registration and reporting obligations for the groups concerned.

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