14
Oct
Oct
Slovak Republic- 2025 VAT Rate Changes
On 3 October the Slovak Republic parliament approved legislation to increase the standard VAT rate from 20% to 23%. A new ‘reduced’ VAT rate of 19% will replace the current 10% reduced rate. The 5% rate remains unchanged but with new supplies being included in this lower rate. The rate changes will take effect on 1 January 2025.
Below is a summary of the supplies which fall under the new reduced rates:
19% VAT rate
- electricity
- food which is not covered by the 5% rate
- restaurant and catering services consisting of the provision of drinks except alcoholic drinks with an alcohol content of more than 0.5% by volume
5% VAT rate
- Goods – basic foodstuffs (meat, milk, sour cream, potatoes, bakery products and similar), medicines, pharmaceutical products, medical supplies, books and similar printed products
- Services – accommodation, e-books, services of fitness facilities, sports facility operation services, restaurant and catering services consisting of the provision of prepared or unprepared food intended for human consumption
- Goods and services which are supplied as part of social economy activities and are supplied by a registered social enterprise which uses 100% of the profit after tax to achieve its main goal
- A reduced VAT rate of 5% is still valid for rental housing supported by state under the conditions defined by the VAT Act
Please get in touch should you require clarification on VAT rates concerning supplies made or received in Slovakia.