On 3 October the Slovak Republic parliament approved legislation to increase the standard VAT rate from 20% to 23%. A new ‘reduced’ VAT rate of 19% will replace the current 10% reduced rate. The 5% rate remains unchanged but with new supplies being included in this lower rate. The rate changes will take effect on 1 January 2025.
Source: essentiaglobalservices.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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