BRATISLAVA – Slovak National Party (SNS) leader Andrej Danko has announced his intention to abolish the controversial transaction tax by the end of 2025—even if he has to bypass the ruling coalition to do it. Speaking on TA3’s political program V politike, Danko declared that he would introduce the proposal directly in parliament if needed and welcomed support from both coalition and opposition MPs.
“If I can’t push it through in the coalition, I’ll take it to parliament myself. I don’t care who votes for it,” said Danko.
The transaction tax, introduced as a fiscal measure, has faced mounting criticism from businesses and economists. Danko emphasized that any repeal must be timed carefully to avoid disrupting the current state budget.
“The tax must end by December 31, so we don’t break this year’s budget,” he stressed, calling on Finance Minister Ladislav Kamenický to adopt a broader tax reform approach.
Danko is pushing for a comprehensive overhaul, including corporate and personal income tax reform, and incentives like favorable depreciation schemes to boost economic growth.
While SNS opposes a similar bill submitted by Progressive Slovakia (PS) for repeal by May 1—citing coalition agreements—PS leader Michal Šimečka indicated his party could support Danko’s version if it leads to faster relief for businesses.
“We should act now. This tax harms businesses here and now,” Šimečka said. He added that the tax penalizes economic activity rather than profit, thus slowing down growth.
Šimečka noted that such a tax is rare globally, with only Hungary and Venezuela implementing similar measures.
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