Slovakia - Pricing Slovakia Pricing
The minimum monthly salary for 2018 in Slovakia is EUR 520 (USD 593) per month and the average salary is about EUR 1,063 (USD 1,211) per month. Price remains a key and sensitive factor for consumers. There is, however, a sizeable segment of the population with significantly higher earning power. There is a gap between prices in urban areas and those in rural areas. Most food prices remain below EU levels.
The VAT rate in Slovakia is 20%. There is also a reduced VAT rate of 10%, mainly for groceries, medicines, books, and accomodation services. VAT is charged on assets and services consumed in Slovakia as well as on imports into Slovakia. In many cases, exports are not subject to VAT. Similarly financial and banking services, educational services and the rental of real estate, other than new properties, are exempt from VAT. All taxpayers whose revenue exceeds EUR 49,790 (USD 56,761) over the preceding 12 calendar months must register for VAT with the tax authorities. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.