Slovakia Proposes VAT Rate Increase to 23% and Changes in Categorization Effective 2025

• Slovak Ministry of Finance proposed increasing standard VAT rate from 20% to 23%
• Reduced rate to be decreased from 10% to 19%
• No change to super reduced rate of 5%
• Changes in categorization of goods and services under new VAT rates
• Proposed 5% VAT rate for basic foods, textbooks, gastro services, medicines, medical supplies
• Proposed 19% VAT rate for other food, non-alcoholic beverages in restaurants, electricity
• Proposed 23% VAT rate for books and accommodation services
• Changes subject to approval process and planned to be implemented on 1st January 2025.

Source: meridianglobalservices.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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