Slovakia – planned changes from 1 July 2025

February 10, 2025 EU VAT Update

The parliament is currently reviewing draft bills amending the VAT Act with the aim to:

  • expand the list of goods eligible for the 5% reduced VAT rate to include additional food and hygiene items.
  • reducing the standard VAT rate from 23% to 20%,
  • raising the turnover thresholds for mandatory VAT registration for businesses in Slovakia from EUR 50,000 and EUR 62,500 to EUR 75,000.

The changes are proposed to become effective from 1 July 2025.

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