- New VAT rates will be effective from January 1, 2025
- Businesses open on New Year’s Eve and after midnight need to apply new VAT rates starting at 00:00 on January 1, 2025
- Until 23:59 on December 31, 2024, businesses should use the VAT rates valid for 2024
- Businesses using online cash registers must update their systems to reflect the new VAT rates
- Manufacturers, suppliers, or sellers of the cash registers will provide necessary update information
- Virtual cash registers will automatically update to show new VAT rates from January 1, 2025
- Example for restaurants and bars serving until midnight will charge 10% VAT on food and non-alcoholic drinks and 20% on alcoholic drinks
- After midnight, food and snacks will be charged at 5% VAT, non-alcoholic drinks at 19%, and alcoholic drinks at 23%
- Stalls at markets will charge 20% VAT on food and non-alcoholic drinks until midnight, and 19% after midnight
- Alcoholic drinks at these stalls will have a VAT of 20% until midnight and 23% after midnight
Source: financnasprava.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.
