Slovakia to Increase VAT to 23%, Effective January 1, 2025

Slovakia has approved amendments to its VAT Act and related legislation, including an increase in the VAT rate from 20% to 23% and several other significant changes. These reforms will be implemented gradually, with most provisions taking effect on January 1, 2025.

To recover VAT from Slovakia, it is not necessary to have a Slovak VAT identification number.

Eligible goods and services for VAT refunds in Slovakia include fuels (diesel, biodiesel, and AdBlue), automotive consumables (lubricants, liquid solutions, oils, and antifreeze), spare parts (auto parts and tires), accessories, and various fees and services (road tolls, bridge and tunnel fees, and parking fees).