Farmers will save on payroll levies
Parliament approved Smer's proposal to waive part of payroll levies for employees in the food and agricultural sectors for six months starting in August this year. Companies will save 24% of pay up to €700, above this level they will pay the standard levies. Smer claims the measure will ease pressures on food prices. Companies are expected to save €53m in levies, but analysts say the impact on food prices will be negligible.
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