Slovak News - January 1998 - Decree No. 3/1998 Coll. on Wage Regulation for 1998

Decree, which became effective on 1 January 1998, is based on the same principles as the one for the last quarter of 1997.

Important changes for the new decree are that valuation period is all 1998 and that nil economic outcome is considered as a profit for the purpose of the decree.

The employer is obliged to submit calculation of regulatory levy and pay it by 30 April 1999.

The information in this newsletter is correct to the best of our knowledge and belief at the time of going to press. Specific advice should be sought, however, before investment and other decisions are made.

For further information contact Mr Frank Walsh on +421 7 5340 545 Email directly on Click Contact Link