SLOVAK LEGISLATIVE UPDATES

June 2014 – September 2014

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This publication has been developed in the framework of the Magyar-Szlovák Közös Inkubációs

Központ Pócsmegyer implemented through the Hungary-Slovakia Cross-border Co-operation

Programme 2007 – 2013 co-financed by the European Regional Development Fund (ERDF).

www.husk-cbc.eu

The sole responsibility for the content of this publication lies with the authors. It does not necessarily reflect

the opinion of the European Union. Neither the EASME nor the European Commission are responsible for

any use that may be made of the information contained therein.

January 2015

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SLOVAK LEGISLATIVE UPDATES (06/2014 – 09/2014)

EU Funds

In accordance with the new Act on Contributions from EU Structural and Investment Funds, the revision

outlines the management, implementation, and control mechanisms for drawing EU funds for the 2014

– 2020 period. One change is the authorization of preliminary checks into projects being implemented.

Ads

The new revision to the Act on Land Planning imposes tougher rules for the approval of outdoor

advertising and abolishes the option to legalize it ex-ante. It differentiates fees for billboards based on

their size. It bans billboards 100 meters within highways and 1st class roads and it makes it easier to put

billboards in cities.

Taxes

The new revision to Local Taxes, which was already implemented, obliges payment of the

accommodation tax for family houses or apartments used for multiple purposes, as well as a

construction tax for garages. It also regulates the types of waste for which municipalities can charge the

waste tax. It specifies the tax exemptions municipalities can grant

Pension

As it is mentioned in the revision to Act on Christmas Pension Benefit and to Act on Social Insurance, the

government decided to increase the value of the Christmas pension benefit. This year, the benefits will

cost the state €81m, compared to last year’s €71m

Financial Market

The revision to Act on Supervision over the Financial Markets promises greater consumer protection by

giving more powers to the central bank NBS. The NBS will license all non-banking credit providers, and

will be able to fine those breaking the law. The new powers will be funded by contributions from the

financial market institutions themselves.

The government approved a new Act on Dealing with Crisis Situations on the Financial Market. It

stipulates that if a bank runs into problems, the losses should be primarily borne by its shareholders

and creditors. It also establishes a new National Fund for Dealing with Crisis Situations, funded by banks

and stock brokers.

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Labor

According to the revision to Act No. 311/2001 Coll. Labor Code, the law change expands the protection

of temporary agency workers. Their conditions will be improved to the level of internal employees. It

bans sending agency workers on business trips, a measure some employers were abusing to avoid

paying payroll levies. The maximum placement of a temporary agency worker at a given firm is being

capped at two years.

Emissions

A new approved revision to Act No. 414/2012 Coll. on Trading with Emission Quotas omits from the Act

provisions on trading with sulfur dioxide and nitrogen oxide emissions, and clarifies rules for the

emission quota trading. It also transposes several EU directives in the area (2008/101/EC, 2003/87/EC,

280/2004/EC and 406/2009/EC).

Land

According to the revision on Land Changes, when the state land fund SPF renews land leases, it must

allocate 3 – 10% of the land to young farmers (if they show an interest).

Source: Symsite Research

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Contact information

The content of this publication was created by the Italian-Slovak Chamber of Commerce. For more

information contact:

Italian – Slovak Chamber of Commerce

Michalska 7, 81101 Bratislava, Slovak Republic

www.camit.sk

Tel: +421 (2) 541 31 290

project@camitslovakia.sk