Slovakia Announces New VAT Deduction Rules for Business Vehicles Effective January 2026

• 100% VAT deduction for vehicles used exclusively for business with detailed electronic records.
• 50% VAT deduction for vehicles used for both business and private purposes, including leased vehicles.
• 50% VAT deduction also applies to fuel, spare parts, and service expenses for mixed-use vehicles.
• Full deduction requires separate electronic records for each vehicle, except for rentals, transport, driving schools, demonstrations, tests, and replacements.
• Taxpayers must notify the tax office of all vehicles used exclusively for business acquired from Jan. 1, 2026.

Source: news.bloombergtax.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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