Slovakia Plans to Halve VAT Deductions on Vehicles, Impacting Businesses

• Slovakia plans to reduce VAT deduction on motor vehicles by half.
• The country requested an exemption from EU VAT rules.
• The aim is to limit VAT deductions on vehicles and motorcycles used for private purposes.
• This includes related services and fuel.
• The European Commission proposed a Council Implementing Decision.
• If approved, Slovakia can limit VAT deductions to 50 percent starting July 1, 2025.

Source: topspeed.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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