- From 2025, changes in VAT rates are expected in Slovakia
- The basic VAT rate is proposed to increase to 23%, with reduced rates of 19% and 5%
- The changes are part of a consolidation package to bring in 2.6-2.7 billion euros to the state budget
- Current VAT rates in 2024 are 20% for goods and services, with reduced rates of 10% and 5% for specific items
- Proposed changes in VAT rates for 2025 include a basic rate of 23% and reduced rates of 19% and 5%
- Specific details on which goods and services will fall under the reduced VAT rates are yet to be finalized
- Minister of Finance announced changes in VAT rates for accommodation and catering services, with final rates of 23% and 5% respectively
- Alcoholic beverages are proposed to be taxed at 23%, while non-alcoholic beverages in restaurants at 19%
Source: podnikajte.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.
