On December 6, 2022 the Slovak Parliament approved an amendment to the Value Added Tax (VAT) Act with effectiveness from January 1, 2023, which brings legislative changes regarding temporary reduction of VAT rate for hospitality services, ski lifts and aquaparks, the correction of the deducted tax in the case of unpaid liabilities, correction of tax base in the case of uncollectible receivables, correction of tax base in the case of theft goods defined by law and changes in mandatory VAT registration after exceeding the turnover of EUR 49,790.
Source Accace
