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.
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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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