- Slovakia received EU approval to limit VAT deduction rights for certain personal motor vehicles not used exclusively for business purposes, effective from January 1, 2026.
- The measure aims to reduce administrative burdens for taxpayers and prevent tax evasion related to mixed-use vehicles.
- Previously, taxpayers could either deduct full VAT and tax private use or deduct VAT only for business use, with adjustments required if usage changed.
- The new rules are part of an action plan against tax evasion and introduce special measures for VAT deduction on personal vehicles and related goods/services.
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.
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