Taxes

Starting from the new year, we will face major changes in tax policy. The single social tax will be replaced by so-called insurance contributions. As a result, the current and already considerable tax burden of 26 percent on personal wages will increase to 34 percent. The state motivates the need to tighten tax policy by the pension fund deficit. Businessmen say that such a tax threatens not only the development but the existence of business and that other sources of replenishing the pension fund should and can be found.