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Friday, February 23, 2024

Slovakia. Lower VAT in restaurants and sports facilities from January to March 2023

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The Slovak parliament passed a temporary reduction in VAT. The new rates, which will apply for the first three months of 2023, will apply to sports and catering facilities.

Cable cars, ski lifts, water parks, sports facilities and restaurants will have a lower 10% discount for three months. VAT. The changes to the regulations were passed by the National Council on Tuesday. Thus, recreational winter stays on Slovakia should be more attractive.

Slovakia introduces changes in taxes

10 percent rate instead of 20 percent Consumers will pay VAT from January to March 2023. The justification for the tax changes is growth energy priceswith its high consumption by the sports and catering industries.

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The draft initially only provided for a reduction in VAT for the use of sports facilities, primarily ski lifts. However, after protests related to the fact that Borys Kollar, the chairman of the parliament and at the same time the leader of the party We Are Family (Sme rodina), is the owner of the ski station in Donovaly, the scope of the reduced VAT was first extended to other sports facilities, and later also to the catering industry.

The Slovak parliament on Tuesday also passed a special 90% tax on certain electricity revenues, above the limit set by the government. The funds are intended to cover government assistance for people struggling with soaring energy bills.

Main photo source: Shutterstock

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