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Slovakia: Guide on new VAT rates for energy supplies effective January 1, 2025

Includes details regarding VAT application for combined supplies and advance payments

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January 23, 2025

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

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