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Public Slovakia Author: Kristina Dosen
Did you know that the Slovakian government has proposed an increase in the standard VAT rate from 20% to 22%, trying to combat the public deficit and debt in the wake of the worldwide recession?
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Content accuracy validation date: 02.11.2023
Content accuracy validation time: 13:10h

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In line with Estonia, Slovakia is proposing to increase the standard VAT rate from 20% to 22%, arguing that the current 20% VAT rate is lower than the EU average and that the 2% increase is therefore justified.

The VAT increase is yet to be approved by the newly elected Parliament and is expected to take effect sometime in 2024.

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