Finance Minister Proposes Scrapping VAT Deduction for IT, Advertising and Consulting Services
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Slovakia's Finance Minister Ladislav Huliak announced plans to eliminate VAT deductions for IT services, advertising, and consulting, claiming the move would combat tax fraud. Huliak argued that VAT fraud costs each Slovak family over 600 euros annually, justifying the proposed tax policy change. The proposal represents a significant shift in Slovakia's tax framework that would affect major service sectors and potentially increase costs for businesses operating in these industries.