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VAT in Slovakia

VAT in Slovakia

Updated on Tuesday 12th July 2016

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VAT-in-Slovakia.jpgValue Added Tax (VAT) in Slovakia is a tax which is applicable to all products and services sold on the local market. The VAT is imposed to both natural persons and legal entities, buying and selling various goods within the territory of the country. Companies operating here, both local and foreign, are required to register for VAT purposes and our team of Slovakian lawyers can provide legal assistance on the registration process. 

Slovakian VAT  

Businessmen interested in opening a company in Slovakia should know that they will be imposed the VAT for the products or services they provide to the local consumers. As a general rule, the standard rate in Slovakia is established at 20%, but it is important to know that the local authorities imposed a reduced VAT rate, which is applied at the rate of 10%. 
The reduced rate is available for the following types of products: 
pharmaceutical products;
medical equipment used by disabled persons;
There are several products and services which are exempt from VAT, such as financial and banking services, insurance or rental services (only for properties which are not considered new). Our team of Slovakian attorneys can offer more details on the VAT in Slovakia


VAT registration for non-resident companies in Slovakia  

Slovakia became a member of the European Union (EU) in 2004 and, since then, it has integrated in its national taxation system the EU’s regulations concerning VAT registration, compliance and procedures. 
It is important to know that the foreign companies operating on the local market are required to register for VAT in Slovakia in the following situations, as stated by the EU’s directives: 
importing products on the EU’s common market by transiting Slovakia;
purchasing and selling goods and services in Slovakia;
internet sales on the Slovakian market;
live events in Slovakia, for which the organiser sells tickets. 
Persons who are interested in receiving more details on the VAT and VAT registration can contact our Slovakian law firm for legal assistance on this matter. 


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