A collection of 12 posts
Workers in Central and Eastern Europe (CEE) enjoy some of the lowest personal income tax rates in Europe, with Slovakia and Poland the outliers for individuals and families, according to a new Organisation for Economic Co-operation and Development (OECD) report. The OECD Taxing Wages 2025 report analysed tax data and
Slovak Prime Minister Robert Fico on Wednesday, September 18, reversed decades of opposition to tax hikes as his government amended VAT laws, effective 1 January, 2025. As recently as April, the leader of Slovakia’s nominally left-wing Smer-SD party, positioned himself as a champion of low-income earners, saying “I oppose
Romania will not levy new taxes next year, Romanian Prime Minister Marcel Ciolacu pledged on Thursday 16 November, with parliamentary elections expected in around a year. “I said very clearly that there will be no new taxes next year,” Ciolacu said at the opening of a government meeting. “I want
Romanian Prime Minister Marcel Ciolacu declared that he was happy after holding discussions with International Monetary Fund experts after their annual visit from 25 September and 4 October. According to Romanian Finance Minister Marcel Bolos the IMF had advised the government to crack down on tax evasion. The IMF overall
The Czech government announced “Czechia in Shape”, a new tax package to reduce the state budget deficit on Thursday 11 May. The package, designed to cut debt by CZK 94bn (EUR 4bn) in 2024 and CZK 150bn in 2025, includes a range of measures such as raising the pension age
For the ninth consecutive year, Estonia has the best tax regime of the Organisation for Economic Cooperation and Development (OECD) countries, according to the latest International Tax Competitiveness Index (ITCI). Of the index’s top ten countries, five from Central and Eastern Europe (CEE) were included. Estonia’s top ITCI
The Hungarian government said on Monday that it will pass a parliamentary resolution condemning EU criticism of its refusal to participate in the plan to introduce a global minimum tax rate of 15%. The measure, which aims to create a global tax floor for multinational corporations, is backed both by
Hungarian Prime Minister Viktor Orban announced that banks, insurance companies, retail chains, energy firms, telcos and airlines in Hungary will have to pay a large proportion of what he called their “surplus profits” into two state funds in 2022 and 2023, on Wednesday. The money will be used to subsidise
Romania is rolling out a EUR 3.4 billion part-EU-funded assistance package to help struggling companies and families amid the economic downturn caused by Russia’s invasion of Ukraine. Under the “Support for Romania” measures that Prime Minister Nicolae Ciuca unveiled on Monday, firms impacted by the war in Ukraine
Hungary will hold an election on April 3 when nationalist Prime Minister Viktor Orban will compete with an opposition alliance fronted by a conservative outsider, Hungarian President Janos Ader announced Tuesday afternoon. While some of Orban’s policies since he won an election landslide in 2010 have been popular, most
Since Britain voted to leave the EU in 2016, hundreds of UK-linked entrepreneurs have taken up e-residency in Estonia. From the moment it became clear that the UK have voted to leave the EU, the small Baltic country has been enjoying this Brexit benefit. Prime Minister Kaja Kallas is only
The three Baltic states – Estonia, Latvia and Lithuania – are all highly competitive in terms of taxes, according to the latest International Tax Competitiveness Index (ITCI). Estonia leads the ITCI rankings for the eighth consecutive year thanks to minimal levies on non-resident businesses, low marginal tax rates on individual income and