- Slovakia plans to increase VAT rates to 23% and 19% by January 2025
- The changes are aimed at generating additional revenue for the state budget
- Proposed changes include increasing the standard VAT rate from 20% to 23% and introducing a new reduced rate of 19%
- The super reduced rate of 5% will remain unchanged, but new products may be added
- The revised VAT structure will impact several sectors, with certain goods and services moving from reduced to standard rates
- Businesses in Slovakia are advised to prepare for these upcoming changes and stay informed as further details are finalized
Source: marosavat.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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