Slovakia Announces VAT Rate Increases Effective January 2025

While the super reduced VAT rate of 5% will remain unchanged, some items that currently fall under the 10% category may see a shift. Depending on the product type, certain goods will either move to the new 23% standard rate or fall within the 5% rate. These adjustments aim to streamline Slovakia’s tax structure and potentially boost revenue, though the government has yet to outline full details on specific product classifications.

These changes reflect a broader effort to modernize tax policies and align with fiscal goals for the coming year, impacting both consumers and businesses in Slovakia.