- From 2026, Slovakia allows 100% VAT deduction on company cars only if strict conditions proving exclusive business use are met.
- Vehicles used for both business and private purposes are limited to a 50% VAT deduction.
- Requirements for 100% deduction include exclusive business use, maintaining detailed electronic driving records, and submitting a new notification form to the tax authority.
- Taxis, driving schools, and rental vehicles are exempt from the electronic logbook requirement but still need to be reported.
Source: meridianglobalservices.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.
Latest Posts in "Slovakia"
- Slovakia to Launch Mandatory E-Invoicing for Businesses from January 2027: Key Steps and Timeline
- Overview of Fiscalization and Payment Methods in Slovakia: Cash, Cashless, and Legal Limits
- Slovakia Plans Major Increase to VAT Registration and Deregistration Thresholds from July 2026
- Slovakia to Mandate E-Invoicing from 2027: Key Dates, Requirements, and Preparation Steps
- Cashless Payment Option Mandatory for Transactions Over 1 Euro from May 2026, Fines for Noncompliance
