Slovakia govt okays another deferral of payments for employers, self-employed

Employers and the self-employed will be granted another deferral of insurance payments, according to a draft regulation approved by the government at its regular session on Wednesday. The purpose of the regulation is to provide for the deferral of social-insurance payments, compulsory contributions to old-age pension savings and contributions to supplemental pension savings for so-called high-risk workers for the period from July to December 31 of this year. This exception will apply to employers and self-employed people who report drops in net turnover, or a drop in incomes from their business reaching 40 percent or more.