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Business Reforms in Slovak Republic

= Doing Business reform making it easier to do business. Negative =  Change making it more difficult to do business.

DB2018

Enforcing Contracts: The Slovak Republic made enforcing contracts easier by adopting a new code of civil procedure that introduces pre-trial conference as part of the case management techniques used in court.

DB2017

Paying Taxes: The Slovak Republic made paying taxes less costly and easier by reducing the motor vehicle tax and the number of property tax payments.

DB2016

Starting a Business: The Slovak Republic simplified the process of starting a business by introducing court registration at the one-stop shop.

Paying Taxes: The Slovak Republic made paying taxes easier for companies by introducing an electronic filing and payment system for VAT—and made paying taxes less costly by reducing the corporate income tax rate and making medical health insurance tax deductible. At the same time, the Slovak Republic reduced the limit on losses carried forward.

DB2015

Starting a Business: The Slovak Republic made starting a business easier by reducing the time needed to register with the district court and eliminating the need (and therefore the fee) for the verification of signatures by a notary public.

Getting Credit: The Slovak Republic improved its credit information system by implementing a new law on the protection of personal data.

DB2014

Starting a Business: The Slovak Republic made starting a business more difficult by adding a new procedure for establishing a limited liability company.

Paying Taxes: The Slovak Republic made paying taxes more costly for companies by increasing the corporate income tax rate and by adjusting land appraisal values.

Labor Market Regulation: The Slovak Republic reduced the maximum cumulative duration of fixed-term contracts, reintroduced the requirement for third-party notification when terminating an employee, reintroduced mandatory severance pay for workers with more than 2 years of service in the company and increased the minimum wage.

DB2013

Starting a Business: The Slovak Republic made starting a business easier by speeding up the processing of applications at the one-stop shop for trading licenses, income tax registration and health insurance registration.

Paying Taxes: The Slovak Republic made paying taxes easier for companies by implementing electronic filing and payment of social security and health insurance contributions.

Enforcing Contracts: The Slovak Republic made enforcing contracts easier by adopting several amendments to the code of civil procedure intended to simplify and speed up proceedings as well as to limit obstructive tactics by the parties to a case.

Resolving Insolvency: The Slovak Republic improved its insolvency process by redefining the roles and powers of creditors and trustees, strengthening the rights of secured creditors and redefining rules for the conversion of restructuring into a bankruptcy proceeding.

Labor Market Regulation: The Slovak Republic increased the maximum duration of fixed-term contracts, eliminated notification requirements to third parties in case of redundancy dismissals and reduced redundancy costs.

DB2012

Getting Credit: The Slovak Republic improved its credit information system by guaranteeing by law the right of borrowers to inspect their own data.

DB2011

Labor Market Regulation: Slovak Republic reduced the maximum duration of fixed-term contracts.

DB2010

Trading across Borders: The Slovak Republic reduced the time for trading across borders by introducing more electronic systems for customs administration.

DB2009

Starting a Business: The Slovak Republic made starting a business easier through its one-stop shop, which merged 4 procedures into 1 and reduced costs.