6. Impact of taxes to business sector

The business environment is characterized by constant changes in the law, resulting in legislative uncertainty. Businessmen in Slovakia must constantly observe what changes they are about and how they will affect their business. Their attention is not entirely entrepreneurial because they have to deal with different bureaucratic requirements, but also with accounting and legal problems. Business costs are increasing, which negatively affects their competitiveness and leads to

Author details

Katarina Teplicka

References

Address all correspondence to: katarina.teplicka@tuke.sk

of Public Administration and Policy. 2016;9(2):185-197

[2] Law 609/2007 consumer tax of electricity, coal, gas

[3] Law 106/2004 consumer tax of tobacco

[6] Law 431/2002 Z. financial accounting [7] Law 563/2009 administration of taxes

[8] Law 582/2004 local income taxes

[9] Law 595/2003 income tax [10] Law 601/2003 living wage

65(9):856-875

pp. 2546-2551

[11] Law 663/2007 minimum wage

[12] Law 98/2004 consumer tax of mineral oil

Scientific Conference LOGI 2017. Vol. 134. Nov 8, 2017

[4] Law 222/2004 value added tax [5] Law 354/2011 financial institute

of Kosice, Institute of Earth Resources, Slovakia

Department of Management, Faculty of Mining, Ecology, Process Control and Geotechnologies

Taxes and Their Impact on the Business Sector in Slovakia

http://dx.doi.org/10.5772/intechopen.74383

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[1] Burak E, Nemec J. Main factors determining the Slovak tax system performance. Journal

[13] Ližbetinová L, Fábera P, Jambal T, Caha Z. Road tax as an economic tool of the support for the development of multimodal transport in selected EU states. In: International

[14] Maličká L, Šulíková V, Šoltés M. Relationship between fiscal decentralization and economic growth in European Union countries and Slovakia. Ekonomický časopis. 2017;

[15] Stoličná Z, Černička D. Tax systems changes in V4 countries during financial crisis. International Business Information Management Association Conference. May 3–4, 2017.

[16] Teplická K, Daubner M. Study of the relation between tax competition and tax burden in

European Union member states. Ekonomický časopis, 2013;61(2):172-186

Figure 8. Barriers in business in Slovakia. Source: Research in Slovakia.

the demotivation of business expansion, innovation or improvement of their services. In order to maintain economic growth in Slovakia, it is necessary to improve the business environment, thereby increasing employment, but also booming small- and medium-sized enterprises, especially in the case of economically weaker regions. The need to remove administrative and regulatory barriers in the business sector is a priority for economic growth (Figure 8).
