Illustrative stock photo(Source: Martin Baumann TASR)

Some retail chains will have to pay 2.5 percent of their net turnover as of January 1, 2019.

MPs have approved the law introducing the levy, authored by the Slovak National Party (SNS). Due to several amendatory proposals submitted by coalition MPs, the new levy will apply only to those retail chains where at least 25 percent of revenues are comprised of food sales and which have shops in at least 15 percent of all districts, the SITA newswire reported.

Moreover, the definition of “retail chain” was narrowed compared with the original proposal. It excludes small and medium-sized enterprises, shops in the companies…