VAT in Slovakia: rates, changes, and impact on the Slovak´s economy in 2024

Value Added Tax (VAT) is a crucial component of Slovakia’s economy. It serves as a significant source of revenue for the state, influencing both businesses and consumers. In Slovakia, the standard VAT rate is 20%, with two reduced rates at 10% and 15%. Standard and Reduced VAT Rates Standard Rate (20%): The standard VAT rate …

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Signs That You Need Payroll or Accounting Services for Your Business

As a small business owner, managing finances can be quite overwhelming. Many entrepreneurs find themselves juggling multiple responsibilities, from marketing to customer service to product development, leaving little time to properly handle payroll and accounting tasks. However, neglecting these important functions can lead to serious consequences, such as inaccurate financial reporting and potential IRS penalties. …

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Outsourcing in Slovakia: which services are among the most frequently delegated?

Did you know that approximately one in four companies in Slovakia uses outsourcing? It is both economically beneficial and efficient for companies. Many companies have already found from their own experience that leaving part of the management to specialized companies not only saves costs and time, but also means greater quality of delegated services and …

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Automotive industry in Slovakia: A strong engine of growth and innovation

Slovakia’s strategic position in Central Europe, combined with a skilled workforce and relatively lower labor costs compared to Western European countries, has attracted foreign investments, primarily in the manufacturing sector. The government supports industrial development by providing incentives and creating a business-friendly environment. Volkswagen Slovakia: The Volkswagen plant in Bratislava is one of the largest …

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Administrative services: the advantages of outsourcing

In today’s competitive business environment, many companies are struggling to find ways to effectively manage their administrative tasks and increase productivity. One alternative that companies are considering is to outsource administrative services. We will introduce the benefits that are associated with this form of outsourcing and highlight why it is beneficial for businesses to entrust …

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Website

A good website is a sales representative, assistant or PR agent that works for you 24 hours a day, 365 days a year. A website is the key to making your online business “visible”. How will a website help you in your business? A web page should win a customer (keyword searches on the Internet), …

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COURIER SERVICES

Courier services are services that have been maximized in recent years and especially during a pandemic. It is more and more convenient for us to order something from the Internet, from e-shops, and have it brought home. Couriers often deliver it to us before we can leave the house, as many  offer import within 2 …

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Cleaning services

The quality and appearance of the working environment has a huge impact not only on the performance of employees, but also on their health. No one can work well in a dusty or dirty environment. The cleanliness and hygiene of the place where you spend most of your day also reflects on the representation of …

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Website for you

Creating a small business website is important to inform your audience, explain your values or boost brand recognition. It is not a website like a website. To create a business website, you first need to choose a domain name and secure web hosting. Then, optimize your website to improve your search engine rankings, drive traffic, …

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