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Slovakia to cut food VAT rate 2016

  • VAT
  • 13 July 2015 | Richard Asquith

Slovakia to cut food VAT rate 2016

Slovakia has proposed a reduction in its VAT rate on basic foodstuffs from 20% to 10% from 1 January 2016.

The Slovakian VAT rate on basic foodstuffs is one of the highest in the European Union. It is set at its standard VAT rate of 20%. Most other EU countries apply a reduced VAT rate to foodstuffs. The UK VAT rate on food is nil – also for Malta, too.

The impact of this high rate is felt most severally on the poorest since they spend a higher proportion of their income on food. The ruling is part of the SMER-SD government’s programme to improve social equality.

Slovakia is looking to cut its standard VAT rate from 20% to 19% soon, although the IMF has warned against this.


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.