VATLive > Blog > VAT > Slovakia hotel VAT cut to 10%

Slovakia hotel VAT cut to 10%

  • Nov 5, 2018 | Richard Asquith

Slovakia hotel VAT cut to 10%

The Slovakian VAT rate for hotels and similar accommodation services is to be reduced from the standard VAT rate of 20% to the reduced 10% rate. The measure will come into effect on 1 January 2019.

The Slovak parliament approved the measure last week. It is aimed at boosting the tourism sector, and mirrors the VAT subsidies that most EU countries give their travel and hospitality sectors.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.