The Slovak parliament is reviewing four draft bills that propose amendments to the VAT Act, potentially taking effect on July 1, 2025. Key changes include expanding the 5% reduced VAT rate to gluten-free flours and menstrual hygiene products, unifying the VAT registration threshold at €75,000, and lowering the standard VAT rate from 23% back to 20%.
Slovak Parliament is considering VAT amendments
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Slovakia
Author: Nikolina Basić
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Fiscal subject related
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Content accuracy validation date:
11.02.2025
Content accuracy validation time:
08:05h
The Slovak parliament is currently deliberating on four draft bills that propose amendments to the Value Added Tax (VAT) Act. If these measures are approved, they will come into effect on July 1, 2025.
Proposed changes:
1. Reduced VAT Rate for Gluten-Free Flours: The first bill proposes to expand the 5% reduced VAT rate to include certain mixes and doughs for baked goods. This aims to provide greater access to gluten-free flours for individuals with celiac disease.
2. Reduced VAT Rate for Menstrual Hygiene Products: The second bill seeks to extend the 5% reduced VAT rate to menstrual hygiene products, including sanitary napkins and tampons.
3. Unified VAT Threshold: The third bill suggests replacing the existing EUR 50,000 VAT threshold (based on the previous year) and the EUR 62,500 VAT threshold (based on the current year) with a single threshold of EUR 75,000. This bill also includes transitional provisions for registered taxpayers to request cancellation of registration if they have not achieved a turnover of EUR 75,000 in 12 consecutive months.
4. Return of Standard VAT Rate to 20%: The fourth bill proposes reducing the standard VAT rate from 23% back to 20%. This is a reversal of the rate increase that was implemented on January 1, 2025.
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