- Standard VAT rate in Slovakia increased from 20% to 23%
- Reduced VAT rates for specific supplies such as electricity and medicines
- Corporate tax rate lowered to 10% for entities with income below 100,000 euros
- Income threshold for reduced tax rate raised to 100,000 euros for SMEs
- New 22% corporate tax rate for entities with income exceeding 1 million euros
- Modifications to tax bonus for dependent children
- Law enters into force on November 30, 2024
Source: globalvatcompliance.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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