The V.A.T. rate in Slovakia is 19%. There is also a reduced VAT rate of 10%, mainly for medicines.
V.A.T. is charged on assets and services provided in Slovakia as well as on imports into Slovakia.
In many cases, exports are not subject to value added tax. Similarly financial and banking services, insurance, educational services and the rental of real estate, other than new properties, are exempt from V.A.T.
The owner of a business, whose receipts exceed SK 1.5 million over a period of 12 months is obliged to register with the VAT offices.
Inheritance and Gift Tax
From 1.1.2004 Inheritance and Gift tax were abolished in Slovakia.
Slovakia Local Taxes
Local municipalities in Slovakia impose specific taxes.
Real Estate Taxes
The tax, which is imposed on an annual basis, is applicable to plots, apartments and buildings.
