Slovakia: Guidance on application of reduced VAT rate on accommodations, excise tax on electricity

Tax authority issued guidance on January 2, 2025

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February 27, 2025

The tax authority on January 2, 2025, issued “frequently asked questions” (FAQs) on the application of the reduced 5% value added tax (VAT) rate on accommodation services from January 1, 2025. The FAQs address the application of the VAT rate at the year-end and advanced payments made in 2024, as well as VAT rates on goods and services provided by accommodation facilities.

In addition, the tax authority on January 2, 2025, issued guidance for green energy producers on the registration and payment of excise tax on electricity. The guidance exempts small producers with an installed power up to 50 kW from registration. Producers with several facilities, each up to 50 kW, are not required to register for excise tax due to non-aggregation rules. Registered taxpayers must file a monthly tax return.
 

For more information, contact a KPMG tax professional in Slovakia:

Marek Masaryk | mmasaryk@kpmg.sk

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