Proposed VAT Measures in Slovakia for 2024: Increase, Abolition, and Special Schemes

• Proposed VAT measures in Slovakia in 2024
• Increase of the standard VAT rate from 20% to 22%
• Abolition of reduced VAT rate on certain goods and services
• Special scheme for small businesses to supply goods and services in the EU tax-exempt
• Introduction of reverse charge mechanism for importations
• Updates on place of supply for virtual events
• Changes in VAT registration and deregistration processes
• Changes in late VAT registration and reporting requirements

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.

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