3-month reduction to 31 March 2023 to 10% reduced VAT rate for catering and sports-related activities
The Slovak Republic has agreed to a halving of the VAT rate on a range of supplies between 1 January and 31 April 2023. This is in recognition of inflation spikes due to post-COVID supply chain interruptions and Russian invasion of Ukraine. November 2022 inflation was 10%, slightly down on a 30-year high of 10.9% in the previous month.
A number of EU countries are cutting fuel and basics VAT to help households deal with record inflation rates this winter.
The taxable supplies included are:
- Restaurant and catering
- Sports facilities (indoor and outdoor).