Slovakia Tax Agency Announces New VAT Deduction Rules for Passenger Motor Vehicles

The Slovak Financial Administration Feb. 16 announced new rules for taxpayers seeking a 100 percent VAT deduction on passenger motor vehicles used exclusively for business purposes, effective Jan. 1. The announcement includes that: 1) taxpayers must report the use of the vehicle exclusively for business purposes no later than the VAT return deadline for the period in which they claimed the deduction; 2) an entrepreneur claiming a deduction on a vehicle acquired in January 2026 must file the notification by Feb. 25; 3) the obligation doesn’t apply to vehicles acquired before Jan. 1; 4) without electronic records, taxpayers may only ...