| Update: | Compliance Alert – VAT rates to increase on 1 January 2025 |
| Date: | 2024-09-26 |
On 18 September 2024, the Ministry of Finance of the Slovak Republic announced an increase in the standard VAT rate from 20% to 23%.
Additionally, the reduced VAT rate of 10% will be increased to 19%. The reduced VAT rate of 5% will remain unchanged.
The changes will come into effect on 1 January 2025.