Monday , August 2 2021

A. Kiska has signed a VAT reduction for all accommodation services at 10%



After the adoption of the national amendment to this amendment, VAT will be reduced to all accommodation services, for example accommodation in school homes and boarding houses.

Bratislava, November 8 (TASR) – For all accommodation services, Value Added Tax (VAT) drops to 10% from January 2019. This is a result of the VAT Amendments amendment by the Coalition Party of the SNS, signed by the President Slovak Republic Andrej Kiska.

After the adoption of the national amendment to this amendment, VAT will be reduced to all accommodation services, for example accommodation in school homes and boarding houses.

Initially, the draft amendment to the VAT Act aimed to reduce VAT by ten percent only on selected accommodation services. Hotel and similar accommodation, tourist and other short-term accommodation, as well as campsites, recreation and campsites for rest.

However, such a change will positively affect the management of students, students and their parents according to the CIS. At the same time, such an extension of lower VAT will not favor certain types of accommodation compared to others.

"There will be no need for the change of information systems by state administration bodies and overcoming possible problems in the practice of application due to the differentiation of individual types of accommodation services" deputies described.

According to nationalists, this measure should support the development of tourism in Slovakia. They estimate this based on the positive experiences of other EU Member States. It is expected that this step will increase the demand for accommodation services in Slovakia.

MEPs admit that the amendment will have negative and positive effects on the state budget. They expect a short-term VAT reduction in accommodation services. "The negative impact on the option of value added tax will gradually replace the increased demand for these accommodation services and increase the consumption of other tourist services" they added nationalists.


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