Slovakia Amends Tax Measures: VAT Rate Increase and New Reduced Rates Effective Nov. 30

• Law No. 278/2024 was published in the Slovak Official Gazette on Oct. 25
• The law includes measures such as increasing the standard VAT rate to 23 percent from 20 percent
• A reduced 19 percent VAT rate will be applied to supplies like electricity and certain foodstuffs
• A 5 percent reduced VAT rate will be applied to supplies like medicines
• The law will generally enter into force on Nov. 30

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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