- Slovak Financial Administration posted Guide No. 7/DPH/2024/IM on VAT rates for restaurant and catering services
- Effective from Jan. 1, 2025
- Topics covered include 5% reduced VAT rate for prepared or unprepared food, 19% reduced rate for beverages with no more than 0.5% alcohol, and 23% basic rate for beverages with over 0.5% alcohol
- Application of VAT rates for various sectors in the gastronomic industry
- Taxation of advance payments for restaurant services and entrance fees for New Year’s Eve parties
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.
