2025 VAT Changes: New Rates, Registration Requirements, and Deduction Rules Explained

• Changes in VAT rates from 1.1.2025
• Standard rate of 23%
• Reduced rate of 19% for certain food items, mineral water, salt, and electricity
• Reduced rate of 5% for basic food items, medicines, printed and electronic books, magazines, entrance fees to sports events and fitness centers
• Changes in registration as a VAT payer from 2025
• Taxable persons exceeding a turnover of 50,000 euros will be required to register as VAT payers
• Deduction of VAT when acquiring goods from the EU without a supplier’s invoice
• The right to deduct VAT can now be claimed even without an invoice from the supplier, using other credible documents such as a delivery note.

Source: emineopartners.sk

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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