31 October 2024
From 1 January 2025, the standard Value Added Tax (VAT) rate in Slovakia will increase from 20% to 23%.
In addition to the standard rate rise, the reduced VAT rate of 10% will be abolished and a new reduced rate of 19% will apply. There will be no change to the super reduced rate of 5%.
Finally, the Slovakian government also confirmed that the VAT rates will change from:
- 10% to 5% on basic foodstuffs, medicines and medical devices, accommodation, books and printed materials, fitness centres, sports events and catering services consisting of food preparation.
- 20% to 19% on other foodstuffs other than basic foods and domestic electricity.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
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