- Recent legislative changes approved by the National Council of the Slovak Republic
- Changes to VAT tax rates effective from January 1, 2025
- Base VAT rate increasing from 20% to 23%
- Lowest VAT rate reduced from 10% to 5% for certain items
- Introduction of a new VAT rate of 19% for specific goods
- Simplified invoice threshold from electronic cash register lowered to EUR400
- Government’s efforts to consolidate revenue in 2025.
Source: dlapiper.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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