Economy of Slovakia
Slovakia switched its currency from the Slovak crown (SK-slovenská koruna) to the Euro on 1 January 2009, at a rate of 30.1260 korunas to the euro.
Taxation in Slovakia
The value-added tax (VAT) in Slovakia is levied at a rate of 20%, but is expected to fall back to 19% when the crisis is over. A lower rate of 10% is levied on medicine and certain books.