Slovak President Signs Law Amending Tax Measures, Including VAT Rate Increase to 23%

• Slovak President signed a law amending tax measures on Oct. 18
• Standard VAT rate increased to 23% from 20%
• Reduced 19% VAT rate applied to electricity and certain foodstuffs
• 5% reduced VAT rate applied to medicines

Source: news.bloombergtax.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.