The government of the Slovak Republic approved a draft bill amending the Law on Motor Vehicle Tax, which includes two important changes:
- Reduction of Annual Tax Rates: The bill proposes a reduction in the annual tax rates for vehicles weighing over 3.5 tons. This change aims to alleviate the financial burden on owners of heavier vehicles.
- Unification of Tax Rate Adjustments: The bill also seeks to unify the adjustments of tax rates based on the age of the vehicle, applying the same criteria uniformly across all vehicle types. This aims to create a more equitable tax structure for vehicle owners, regardless of the vehicle’s category.
The proposed changes will take effect on 1 January 2025.
