Slovakia: Guide on new VAT rates for energy supplies effective January 1, 2025
Includes details regarding VAT application for combined supplies and advance payments
The tax authority on November 25, 2024, published a guide on the new value added tax (VAT) rates for energy supplies effective from January 1, 2025—the standard VAT rate will increase from 20% to 23%, and the reduced VAT rate (including for electricity) will increase from 10% to 19%.
The guide includes details regarding VAT application for combined supplies and advance payments.
For more information, contact a KPMG tax professional in Slovakia:
Tomas Ciran | tciran@kpmg.sk
Zuzana Blazejova | zblazejova@kpmg.sk