- Slovakian Parliament adopts increase in VAT rates in 2025
- Amendment to VAT legislation effective from January 1, 2025
- Aimed at increasing state revenue through fiscal consolidation
- Key changes include:
- Standard VAT rate increasing from 20% to 23%
- Reduced VAT rate changing from 10% to 19%
- Super-reduced VAT rate of 5% remains unchanged
- Impact on various sectors, including hospitality
- Alcoholic beverages taxed at new standard rate of 23%
- Non-alcoholic beverages in restaurants taxed at new 19% rate
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.
