Slovakia Tax Agency Issues Guidance on Amendments to VAT Act

The Slovak Financial Administration Jan. 2 issued Guide Nos. 1/DPH/2023/I and 2/DPH/2023/I, clarifying recent amendments to the VAT Act, which generally entered into force Jan. 1. Topics covered include: 1) an exemption from VAT registration obligations for taxpayers supplying VAT exempted goods of up to 49,790 euros (US$52,485) in the preceding 12 calendar months; 2) VAT deduction procedures for the theft of goods purchased for less than 1,700 euros (US$1,796); 3) application of the reduced 10 percent VAT rate, from Jan. 1 through March 31, for tourism, sports, restaurants, and catering services; 4) a VAT exemption on goods and services ...