- Law No. 278/2024 was published in the Slovak Official Gazette on Oct. 25
- The law includes measures such as increasing the standard VAT rate to 23 percent from 20 percent
- A reduced 19 percent VAT rate will be applied to supplies like electricity and certain foodstuffs
- A 5 percent reduced VAT rate will be applied to supplies like medicines
- The law will generally enter into force on Nov. 30
Source: news.bloombergtax.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.
Latest Posts in "Slovakia"
- Slovakia Mandates E-Invoicing for VAT Businesses Starting 2027, Expands Cross-Border by 2030
- Slovakia Introduces 50% VAT Deduction for Personal Vehicles Starting January 2026
- Slovakia’s ViDA VAT Reform Introduces Mandatory E-Invoicing and Real-Time Reporting by 2027
- Slovakia Proposes VAT Law Amendments: Electronic Invoicing and Data Reporting to Parliament
- Slovakia to Raise VAT on Sugary and Salty Foods to 23% from 2026
