Creation of VAT in the modern history of Slovakia

Abstract

Value added tax (VAT), as a general indirect excise tax on consumption, today represents one of the basic pillars of the tax system in the Slovak Republic. In this article, the authors deal with the development, position and significance of VAT in Slovakia, with an emphasis on its historical development since 1918. The aim of the paper is to assess (pros/cons) of the institution of VAT in the SR, from the point of view of historical development, the current situation, de lege ferenda, and its importance within the tax system, using qualitative methods, as well as analyses and comparisons.