VATLive > Blog > VAT > Slovakia to cut VAT on meat products to 10%. - Avalara

Slovakia to cut VAT on meat products to 10%.

  • VAT
  • 07 August 2015 | Richard Asquith

Slovakia to cut VAT on meat products to 10%.

Slovakia is to follow the example of Romania and Hungary by cutting its VAT rate on fresh meat products from the standard rate of 20% to the reduced rate of 10%.

Aside from assisting the local industry, it will help eliminate a large amount of suspected fraud in the sector, which has swept Central and Eastern Europe. The measure is expected to cost upwards of €1 billion per annum in lost revenues for the state.

It is expected that the new rate will come into force from 1 January 2016.


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.