Slovakia: proposed changes to VAT rates

On September 18, 2024, the Slovak government approved legislative proposal introducing various tax measures, one of which includes a change in VAT rates :

  • The standard rate is raised from 20% to 23%.
  • Two reduced rates: 19% (formerly 10%) and 5% (unchanged)

Specific details concerning the goods or services subject to these reduced rates have yet to be finalized.

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