Slovakia's VAT rate is 20%, which is relatively low relative to other EU countries.
Slovak cross-border e-commerce market:
Slovakia is located in Central Europe, known as the heart of Europe, belongs to the developed countries, according to statistics, Slovakia currently has 3.5 million consumers regularly shop, the penetration rate of the e-commerce market is as high as 75%, the use of smartphones for online shopping is becoming more and more popular. Recently, some cross-border e-commerce sellers have begun to pay attention to the Slovak market.
In Slovakia, the fashion market is more popular than the electronics and ** market and the hobby and handicraft market, with the proportion of the fashion market being 34%, while the share of the electronics and ** market is 29% and the share of the hobby and handicraft market is 18%.
In addition, 63% of consumers are more inclined to choose environmentally friendly products and services, and even 48% of consumers are willing to pay extra for such products. Therefore, if the seller adopts eco-friendly packaging or shipping methods, it will be easier to win the favor of local consumers.
Slovakia VAT registration information:
Legal entity (passport or identity card);
Business license of the company;
VAT Registration Application Form;
EU bank account pdf file;
Other EU Tax ID Certificates.
Although it is not mandatory to register for a Slovak VAT number, it is recommended that sellers actively register to enjoy the local VAT deduction policy and the convenience of applying for a refund, so as to save on tax costs.