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Employer Action Code: Act

Subsidies to boost employment approved

On February 13, 2009, the Slovak government approved subsidies on companies' compulsory health insurance and social security contributions. These measures came into effect from March 2009 and will remain in place until the end of 2010. 

Key Details

• To qualify for the subsidy, employers must have reduced working hours or suspended operations but continued to pay workers at least 60 percent of current salary.
• The subsidies aim to enable employers to meet compulsory health and social security contributions.

March, 2009

The information included in this report is general information only and should not be relied upon without further review by the appropriate professional advisers. Watson Wyatt is not a law firm or an accounting firm and is not engaged in providing legal, accounting or tax services or advice.