Slovak VAT Act key changes

2 February 2016

Changes to the Slovak VAT Act, which were implemented on 1 January 2016 have brought the following key changes to the VAT regime:

  • The VAT rate on basic foodstuffs has been reduced from the standard rate of 20% to the reduced rate of 10%.
  • In an effort to prevent fraud, a new domestic reverse charge has been introduced for supplies in the construction industry.
  • The introduction of a general reverse charge for domestic supplies made from non-resident to resident VAT registered companies.
LATEST NEWS

Emergency VAT measures to combat the financial impact...

Due to the negative financial impact that the coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...

SEE MORE
LATEST NEWS

UK cuts hospitality and tourism VAT to 5% until...

From 15 July 2020 to 12 January 2021, the UK will cut the VAT rate applicable on hospitality services from the standard rate of 20% to the reduced rate of...

SEE MORE
LATEST NEWS

Canada extends the sales tax return submission...

The Province of Manitoba has extended the sales tax return submission deadlines to 20 October 2020 for small and medium sized businesses. This covers all...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.