- Increased VAT Rate: Effective January 1, 2025, the reduced VAT rate for accommodation services will increase from 10% to 19%, while a 5% rate will be maintained for specific goods and services, including accommodation.
- Guidance Issued: The Financial Administration of the Slovak Republic has published guidance detailing the application of the new VAT rates across various scenarios, such as advance payments and combined services (e.g., lodging with breakfast).
- Calculation Examples Provided: The guidance includes multiple examples to help businesses accurately calculate the VAT due under the new regulations, ensuring clarity in compliance with the amended VAT rates.
Source Orbitax
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