On 18 June, 2024, the Slovak parliament rejected two proposed laws to temporarily reduce VAT and excise duty rates on gasoline and diesel from 1 July, 2024 to 31 December, 2025. Previously on 17 April, 2024, the Slovak parliament proposed a VAT draft law aimed at lowering the standard rate from 20% to 8%. The draft law also proposed to decrease the excise duty on gasoline from EUR 514 to EUR 359 per 1,000 litres and on diesel from EUR 368 to EUR 330 per 1,000 litres.
Additionally, the parliament voted down a draft law proposing a new option for depreciating technical improvements to tangible assets, intended to encourage investment in modernisation and eco-friendly upgrades to assets.
