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September 20, 2024 Slovakia introduces tax on sweetened nonalcoholic beverages
On 11 September 2024, the Slovakian Parliament passed the Act on Tax for sweetened nonalcoholic beverages (commonly referred to as the "sugar tax"). The Act imposes a tax on beverages sweetened with sugar and other sweetening agents as part of an effort to consolidate public finances. The tax is set to take effect on 1 January 2025. The Act identifies three categories of sweetened beverages that will be subject to the sugar tax:
Manufacturers or suppliers are responsible for paying the sugar tax at the point of the first distribution of the affected sweetened nonalcoholic beverages within Slovakia. The tax period is defined as a calendar month, and taxpayers must file their sugar tax returns within 25 days following the end of each tax period. The Act introduces various tax rates depending on the category and type of beverage, with notably higher rates for high-caffeine drinks. In brief, the approved rates are:
The Act also contains provisions to address instances of stockpiling sweetened nonalcoholic beverages in 2024 to avoid paying the sugar tax upon its implementation in 2025.
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