- Slovakia will implement a 5% VAT rate on accommodation and restaurant services starting January 2025
- The reduction in VAT rate aims to boost tourism and hospitality sectors
- Originally proposed increase from 10 to 23 percent, now reduced to 5 percent
- Rates for non-alcoholic beverages and alcohol will remain at 19 percent and 23 percent
- The reduced VAT rate will also apply to fitness centers and sporting events
- The goal is to make Slovakia a more attractive destination for tourists and boost local businesses.
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.
