Slovakia: VAT changes for 2008


A number of VAT changes came into force on 1 January 2008:

  • VAT is now payable on delivery of hire purchase goods. This applies to an moveable or immoveable goods acquired under a lease with a right for the lessee to acquire title to the goods after payment of the last instalment.
  • The categories of goods which are subject to a reduced 10% rate of VAT have been extended to include (printed books, picture books, printed or written music and hygienic goods used for incontinence).