Indirect tax ebook - Slovakia

VAT rates

Value added tax as of the beginning of year 2011 temporarily increased from 19% to 20%. It is assumed that the higher VAT rate shall be valid until 2013 (until the deficit of public finances in Slovakia declines under 3% of the gross domestic product).

The reduced rate of 10% applies to pharmaceutical products, some medical aids depending on the commodity code (as listed in Annex 7 to the Slovak VAT Act), and books and some similar products.

Information about Slovakia:

This information has been provided by Grant Thornton Slovakia, a member firm within Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Slovakia nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
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For further information on indirect taxes in Slovakia please contact Dr Wilfried Serles

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