06.11.2018

VAT Update: Slovak Republic

Reduction of the VAT rate for accommodation services in Slovak Republic

VAT Changes Slovak Republic

On 23 October 2018, the Parliament in Slovakia has approved the final reading of the draft law, which will introduce the reduced VAT rate (10%) for all accommodation services.

The final step in order for the draft bill to come into force and become law is the signature of the President.

The effective date of the reduction of the VAT rate is planned to be January 1st 2019.

This change follows the general reduction in some EU countries with regards to accommodation.

If you are worried by this change, or want more information on how this may effect you - speak to one of our VAT experts now.

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We know that Indirect taxes such as VAT and GST can have a huge effect on your business. As VAT rates change sporadically keeping yourself informed can be difficult.  Compliance is always crucial. That’s why our Indirect Tax Experts share their hand-picked news stories every day that you need to know. From breaking news to VAT changes and new EU legislation. We know that relevant information means better decision making. We aim to be your number 1 source for VAT and GST news.

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