As of January 1, 2025 the Slovak Republic is set to make significant adjustments to its VAT rates. The new law is aimed to generate additional revenue for the state budget.
The VAT rate increase to 23% which will apply to all goods and services in Slovakia. It is also supplemented by several reduced VAT rates (those were also updated) that apply on several occasions when supplying and using selected goods or services.
The changes include:
- An increase in the standard VAT rate from 20% to 23%.
- The reduced VAT rate of 19%.
- The reduced VAT rate of 5%.
| VAT rate | Category | Sub-category (for example purposes) |
|---|---|---|
| Standard 23% | All goods and services | - Services associated with serving meals and drinks with an alcohol content of more than 0.5% by volume - Ski lifts, entrance fees to sports facilities and swimming pools |
| Reduced 19% | Other food products | - Products intended for direct consumption - Fish and sea products - Mineral and soda (without sugar) - Vinegar - Mill products - Salt |
| Electric energy | - Electric energy supply | |
| Restaurant services | - Services associated with serving meals and drinks with an alcohol content of less than 0.5% by volume | |
| Reduced 5% | Basic food products | - Meat of any kind - Milk products - Honey, nuts, bread - Vegetables and fruits (including juices) |
| Medicines | - Pharmaceutical products and medical devices - Glasses, contact lenses, medical and hygiene aids | |
| Books | - Printed books, newspapers and periodicals and other audiovisual media (except books where advertising exceeds 50% of the content) | |
| Specific services | - Services connected with serving meals - Accommodation services - Access to sports events and access to fitness centres | |
| Rental housing | - Delivery of the building or its part, including the building plot - Renewal and reconstruction of the building or its part, including construction and assembly work on the building |
