- The National Council of the Slovak Republic approved the law amending the value-added tax law
- The primary goal of the amendment is to implement specific measures regarding the right to deduct tax
- Changes include expanding obligations and rights related to tax deductions and adjusting tax deductions in line with the common VAT system
- Amendments also include adjustments to registration for tax, exemptions for goods acquired from other EU countries, determining the tax base for free supplies, and more
- The changes came into effect on January 1, 2025, with some provisions related to import tax deductions taking effect on July 1, 2025
- Previous amendments to the VAT law in 2024 included changes to definitions such as “investment assets” for simplification and clarity
Source: financnasprava.sk
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.
