Slovakia: Excise tax may grow by 22% for small and by 27% for big brewers next year

The parties of Slovakia’s ruling coalition approved several compromises to the originally proposed changes in the tax and levies system related to next year’s state budget, TASR reported on November, 26.

Regarding taxes, the MPs were advised to approve increasing the excise tax on beer for small breweries by 22 percent and for 27 percent for large breweries, while the original plan was to increase the beer tax by 49 percent for all types of breweries.

The proposed 2011 state budget and the general government budgets for 2011 to 2013, as well as draft legislation associated with them, are to be discussed at the next Parliament session which is starting on November 30.

The overall budget deficit should reach 4.9 percent GDP, what would mean reducing the deficit by almost three percentage points compared with this year.

26 November, 2010