Electronic transaction statement supporting VAT return Slovakia introduced its electronic transaction control statement report from 1 January 2024. It is required in support of the VAT return, so filled monthly or quarterly depending on the return reporting cycle. It applies to both resident and non-resident
President signs VAT increase from 20% to 23% 2025; new 19% reduced rate The Slovakian President signed on 18 October 2024 the Act implementing a 3% VAT rise from 1 January 2025. In addition to the standard rate rise, there will also be a new
Option to defer import VAT payments until next VAT return The Slovak Republic now enables importers to avoid the cash payment of import VAT by introducing deferred VAT from 1 July 2024. Traders are able to report the import through their Slovakian VAT return and
Anti-fraud measures to help close VAT Gap The Slovak Republic government has put out to consultation two changes to the VAT law to help reduce the Central European country’s VAT Gap. Slovakia has made great strides in cutting the deficit between expected and actual VAT
Pre-clearance electronic invoice model – Continuous Transaction Controls CTR Slovakia has become the latest European e-invoice candidate with the launching of a public consultation and plans implement requirement for B2G e-invoicing in Autumn 2023 (a second delay from Jan and then April 2023) – informačný
July 2024: Bringing VAT Act into line with EU VAT Directive and recent ECJ rulings The Slovakian Ministry of Finance has published a number of simplifications and other changes to the VAT Act. These are largely aimed as simplifying compliance, and bringing Slovakian VAT requirements
Pre-clearance electronic invoice model – Continuous Transaction Controls CTR Slovakia has become the latest European e-invoice candidate with the launching of a public consultation and plans implement requirement for B2G e-invoicing in January 2023 – informačný systém elektronickej fakturácie IS EFA. Currently, only certain B2G
Most Central EU states now offer reduced VAT on cafes, restaurants and catering As part of its ‘Tax Revolution’ set of reforms announced earlier this month, the Slovakian government is aiming to reduce the Value Added Tax rate on rest and catering services. The Ministry
Pre-clearance electronic invoice model – Continuous Transaction Controls CTR Slovakia has become the latest European e-invoice candidate with the launching of a public consultation and plans to extend the existing requirement for B2G e-invoicing – informačný systém elektronickej fakturácie IS EFA. Currently, only B2G transactions
