Changes in the VAT Act based on parliamentary proposals

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As in the case of the amendment to the Income Tax Act, the National Council of the Slovak Republic (NRSR) approved two parliamentary proposals amending the VAT Act in their third reading during September 2019. Both proposals concern the extension of Annex 7 of the VAT Act, which defines products subject to a reduced 10% VAT rate. 

In accordance with these parliamentary proposals, Annex 7 shall be extended newspapers, magazines and periodicals with certain restrictions, as well as selected types of food, such as fruits, vegetables, bread, etc. The mentioned products will be subject to a reduced 10% VAT rate effective as of 1 January 2020.

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