Slovakia to cut VAT on meat products to 10%.
- Aug 6, 2015 | Richard Asquith
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.
Need help with your Slovakian VAT compliance?
Researching Slovakian VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade.
Total results : 4
Union vs non-Union OSS: what’s the difference?
UK VAT Guide - Avalara
North America Country VAT Guide - Avalara
US 2021 sales tax updates for foreign businesses