Taxes and Their Impact on the Business Sector in Slovakia

The tax policy of the country must have a direction in terms of supporting the business environment in Slovakia. Within fiscal policy, macroeconomic objectives are mainly focused on securing funds to cover state spending on the possibility of influencing the economic and social policies of the state, on ensuring the interplay of taxes on the stability of the currency, on credit and monetary policy and on unemployment, the problems of tax problems, their conception and structure in the state economy. In addition to the macroeconomic perception of the importance of taxes, the microeconomic point of view, which monitors changes in tax laws and their impact on business entities, influences the tax base by legal instruments of tax policy (depreciation policy), items affecting the tax base of economic subjects (e.g., non-taxable items). In this chapter, we deal with direct and indirect taxes in Slovakia and their impact on the business sector. The purpose of this chapter is to highlight the trend of tax rates development during 2007–2017 and the factors that significantly affect the level of taxes in Slovakia. Factors that reduce taxes have positive development, but tax rates are constantly a barrier to business area because of tax rates growth