Good governance / Legal Reform and Transparency
This section details initiatives to make government a competitive advantage. It includes analysis and reports of government initiatives, as well as data on accountability and performance measures.
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5% social security contributions reduction for employers who employ selected groups of jobseekers
As of next year, employers may apply a 5% reduction to the employer’s social security contributions for their employees. The rationale behind the relevant amendment to the Act on Social Security and Employment Policy Contributions is to motivate employers to hire individuals who, due to their age or various life situations, cannot enter into full-time employment.
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The Ministry of Finance published a draft of the new Accounting Act
On 26 October 2022, the Ministry of Finance sent a draft of the new Accounting Act for the comment procedure. The draft of the new Accounting Act is based on the intended subject-matter that was approved by the government on 5 October 2020. The intended subject-matter was developed by the Ministry of Finance in cooperation with a working group that included experts from both the academic background and accounting and audit practice.
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