Slovakia Clarifies New VAT Deduction Rules for Company Vehicles

Slovak tax authorities have issued guidance on new VAT deduction rules for business vehicles that took effect this year, addressing confusion among entrepreneurs about the changes. Companies that use vehicles exclusively for business purposes and want to claim full VAT deductions must notify the tax office and maintain electronic records of all trips. The new regulations have raised questions among business owners, particularly regarding vehicles that were ordered and partially paid for last year but only began being used in 2024. The changes represent a significant shift in how businesses can handle VAT claims on company vehicles, requiring more detailed documentation and formal declarations to tax authorities.