Changes in social insurance effective 1 January 2017
The Slovak parliament approved an amendment to Act No. 461/2003 Coll. on Social Insurance as amended (“Social Insurance Act”) on 11 October 2016, which introduces several important changes. The primary change effective 1 January 2017 is an increase in the amount of the assessment base from 5-times to 7-times the average monthly wages, from 4,290…