Slovakia Tax Agency Issues Guidance on Applying VAT Rate for Energy Supplies

The Slovak Financial Administration Nov. 25 issued Guide No. 4/DPH/2024/I, on applying the correct VAT rate for energy supplies, from Jan. 1, 2025. Topics covered include: 1) if correcting a tax base due to changes in a tax reporting period, based on Law No. 278/2024, the VAT rate that was valid at the time of the tax liability must be used; and 2) bundled energy supplies that include distribution to the point of consumption constitute a single composite performance, in which the main component is the supply of energy subject to one tax rate. [Slovakia, Financial Administration, 11/25/24]

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