Peter Varga in SME: Korčok’s approach is controversial, but standard practice in Slovakia

Peter Varga, a tax advisor and partner at Highgate Group, provided commentary to SME on how Ivan Korčok’s collaboration with Progressive Slovakia was structured through the company Eustra, whose sole shareholder is Korčok’s wife.

In the article, he explains under what conditions a husband can work for his wife’s s.r.o., whether this arrangement results in savings on taxes and social security contributions, and what form of collaboration would be the cleanest from a legal standpoint. At the same time, he highlights a broader issue with the Slovak tax and social security system—although this method of compensation may be controversial, it is a relatively standard practice among small Slovak limited liability companies.

The full article “Tax Advisor: The procedure is controversial, but standard practice in Slovakia. What is the Korčok case about? “You can read it here:

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