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Slovakia promises to reduce VAT from 20% to 19%

  • VAT
  • 06 August 2013 | Richard Asquith

Slovakia promises to reduce VAT from 20% to 19%

The government has said that Slovak VAT could reduce back from 20% to 19% if the national deficit continues to fall.  The target is the Euro-currency goal of a state deficit below 3% of GDP.

Slovakia raised its VAT rate to 20% at the start of 2011, but only as a temporary measure.  It came as the neighboring Czech Republic raised its VAT rate to 20% in 2010.

There had been press reports that the 20% rate would be fixed as the permanent rate.  However, a spokesman denied any such plans, and asserted that based on the current economic progress, the Slovakian VAT rate would return to 19% in 2015.

The Czech Republic raised its 20% rate again to 21% at the start of 2013.


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 this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.