The Slovak Parliament is reviewing four proposed amendments to the VAT Act.
The first bill expands the 5% reduced VAT rate to include certain mixes and doughs for baked goods. The second bill extends the 5% rate to menstrual hygiene products like sanitary napkins and tampons and the third bill replaces the EUR 50,000 and EUR 62,500 VAT thresholds with a single EUR 75,000 threshold. Lastly, the fourth bill aims to lower the VAT rate from 23% to 20%.
If passed, these changes are set to take effect on 1 July 2025.
Earlier, the Slovak Republic government enacted a bill on 18 October 2024, where it raised the standard VAT rate from 20% to 23%, effective on 1 January 2025. However, the VAT rate remained at 5% on essential foods, medicines, newspapers, books, accommodation, catering, and sporting events.
