- Slovakia will implement new rules to limit VAT deductions on company cars used for private purposes starting in 2026. The policy aims to address the misuse of business vehicles and is part of a larger fiscal consolidation package expected to generate significant revenue for the state.Companies will only be able to claim half of the VAT if cars are used for personal trips, affecting related expenses like fuel and servicing.The measure aligns Slovakia with practices in other EU countries and has faced criticism from opposition MPs as a hidden tax increase.The change will impact around 142,000 businesses and has received approval from the European Commission.
Source: spectator.sme.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.
Latest Posts in "Slovakia"
- Slovakia Introduces Mandatory E-Invoicing and VAT Changes Starting 2027
- Slovakia Submits Draft E-invoicing and Real-time Reporting Legislation to Parliament
- Slovakia Mandates E-Invoicing for VAT Businesses Starting 2027, Expands Cross-Border by 2030
- Slovakia Introduces 50% VAT Deduction for Personal Vehicles Starting January 2026
- Slovakia’s ViDA VAT Reform Introduces Mandatory E-Invoicing and Real-Time Reporting by 2027
