- Slovak Republic announces new VAT rates for energy supplies
- Effective from 1 January 2025
- Standard VAT rate will rise from 20% to 23%
- Reduced rate (including electricity) will increase from 10% to 19%
- Government enacted bill on 18 October 2024 to improve public finances
- Includes increasing corporate tax rate to 24% and standard VAT rate to 23% and 19% for food items and electricity
Source: regfollower.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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