- The Financial Directorate of the Slovak Republic issued information regarding the application of a reduced VAT rate of 5% on certain sports services starting from January 1, 2025
- This information targets VAT payers who provide sports services, especially those operating sports facilities and fitness centers
- Changes are due to the law no. 278/2024 which amends and supplements other laws to improve the state of public finances
- From January 1, 2025, the standard VAT rate on goods and services will increase from 20% to 23%
- The reduced VAT rate of 10% will be abolished and a new reduced rate of 19% will be introduced
- The reduced VAT rate of 5% will remain and will be extended to include services in the sports sector
- According to the amended Annex no. 7a of the VAT Act, from January 1, 2025, the following sports services will be subject to the reduced VAT rate of 5%
- Operation of sports facilities only for services related to entry to sports events
- Fitness center services only for entry fees
- Services that will not be subject to the reduced VAT rate from January 1, 2025, include
- Transportation by aerial and ground cableways, ski lifts
- Services related to the operation of recreational parks and beaches only for entry to artificial swimming pools
- Operation of sports facilities only for access to covered and uncovered sports facilities for the purpose of engaging in sports
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.
