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Legislation and amendments · Business and start-ups · Employment and labour law · August 4, 2023
Another increase in the meal allowance in 2023 – draft legislation
The meal allowance amounts for business trips were last adjusted by Measure No. 171/2023 Coll. of the Ministry of Labour, Social Affairs and Family of the Slovak Republic on meal allowance amounts, effective from 1 June 2023, on the basis of the price index for food and non-alcoholic beverages in restaurant catering for January 2023. We informed you about this, and you can read about the latest change to the legislation here.
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Finance and financial management · Employment and labour law · July 28, 2023
Wage deductions – enforcement after 1 July 2023. How will the increase in the subsistence minimum affect wage deductions?
Wage deductions are a means of enforcement by which a court bailiff reaches into the debtor’s net income, specifically their wages as an employee. In practice, this means that if the debtor does not repay their debt, the employer pays them only part of their net salary on the basis of an enforcement order.
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Legislation and amendments · Business and start-ups · Social and health insurance contributions · Employment and labour law · July 12, 2023
Overview of legislative changes effective from 1 July 2023
Increase in the basic allowance for each 1 km driven from 1 July 2023 Measure of the Ministry of Labour, Social Affairs and Family of the Slovak Republic No. 247/2023 Coll. of 27 June 2023 changes the amounts of the basic allowance for the use of road motor vehicles on business trips with effect from 1 July 2023.
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Finance and financial management · Legislation and amendments · Accounting · Employment and labour law · June 7, 2023
Changes to wage supplements and various pay benefits from 1 June 2023
After more than 2 years, the amounts of wage supplements are changing. The fixed supplement amount will change to a percentage of the hourly minimum wage. So from 1 June 2023, supplements will once again be linked to the hourly minimum wage as a percentage.
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Finance and financial management · Legislation and amendments · Business and start-ups · Employment and labour law · May 31, 2023
Employing people for seasonal work from 2023
Employing people for seasonal work from 2023 From 2023, employers who need to hire people for short-term work have the option of concluding an agreement on work activity for seasonal work.
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Finance and financial management · Legislation and amendments · Business and start-ups · Employment and labour law · April 26, 2023
Meal allowance increase in Slovakia: what is changing for employees and self-employed persons from June 2023 (proposal)
The Ministry of Labour, Social Affairs and Family of the Slovak Republic recently published a draft measure on meal allowance amounts (LP/2023/209) on the slov-lex.sk portal. This draft will go through the inter-ministerial comment procedure. The new meal allowance amounts are expected to apply from 1 June 2023.
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Finance and financial management · Social and health insurance contributions · Employment and labour law · April 12, 2023
Minimum pension – the amount I have to pay for a year to count towards my years worked
What is a period of pension insurance? A period of pension insurance is a period for which pension insurance contributions were paid, and it is also counted towards the insurance period for calculating the pension. Entitlement to a minimum pension? When it comes to entitlement to a minimum pension, however, two periods of pension insurance need to be distinguished.
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Business and start-ups · Accounting · Employment and labour law · Legislation and amendments · February 22, 2023
Changes in the law that affect every one of us
Increase in the tax bonus for a dependent child. From 1 January 2023, the amount of the tax bonus changed: for a dependent child up to the age of 18 – €140, for a dependent child over 18 – €50. Introduction of a minimum employee health insurance contribution. From 1 January 2023, a minimum employee health insurance contribution was introduced.
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Finance and financial management · Social and health insurance contributions · Employment and labour law · February 8, 2023
The third pillar
The third pillar was the first voluntary, private option for long-term retirement saving. Several supplementary pension insurance companies were set up in Slovakia as early as the late 1990s. After a change in legislation, these were transformed into the supplementary pension companies (DDS) we know today. Investing through a DDS is essentially the same as investing through mutual funds.
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Finance and financial management · Social and health insurance contributions · Accounting · Employment and labour law · February 6, 2023
The first pillar and the old-age pension
Every working citizen who is required to pay contributions to the Social Insurance Agency (Sociálna poisťovňa) contributes to the first pillar. The first pillar is built on the principle that the money collected through contributions is used to fund the pensions of today’s pensioners. The money is not saved in the citizen’s own individual account, as it is in the second or third pillar.
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Business and start-ups · Accounting · Employment and labour law · February 1, 2023
A trade licence alongside employment
With health insurance contributions the situation is different, in that a sole trader who has both a job and a trade licence at the same time is not obliged to pay monthly advance payments on health insurance in respect of the business. This is because they already pay such advance payments through their employment. As a sole trader alongside employment, however, they can pay the advance payments voluntarily.
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