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Slovakia increases VAT by 1% to 20%

  • Sep 6, 2010 | Richard Asquith

Slovakia increases VAT by 1% to 20%

The new Slovak government agreed yesterday to increase VAT by 1% to 20%. The increase is a temporary 1-year measure, starting in 2011. It comes as part of a range of austerity measures aimed at balancing the budget. The 6% reduced Slovak VAT rate is to go.

This matches a similar increase in the Czech Republic, which introduced a temporary 1% increase to 20% in January 2010.


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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.