- Slovakia plans to raise the standard VAT rate to 22% in 2024
- The increase is proposed to combat the public deficit and debt
- The current 20% VAT rate is lower than the EU average
- The increase is yet to be approved by the Parliament and expected to take effect in 2024
Source: fiscal-requirements.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.
