- Slovakia is increasing VAT rates effective January 1, 2025
- Standard VAT rate will rise from 20% to 23%
- Reduced rate will increase from 10% to 19%
- Super reduced rate of 5% will remain unchanged
- Some items currently at 10% may shift to either 23% or 5%
- Changes aim to streamline tax structure and potentially boost revenue
- Government has not outlined specific product classifications yet
- Effort to modernize tax policies and align with fiscal goals for the coming year
Source: pincvision.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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