1 January 2025 VAT increase from 20% to 23% 2025; new 19% reduced rate Slovakia has implemented a 3% VAT rise from 1 January 2025. In addition to the standard rate rise, there is also be a new 19% reduced rate (replacing the existing 10%)
January 2027 business to use structured e-invoices with real-time reporting Slovakia has become the latest European e-invoice candidate with the launching of a public consultation and plans implement requirement for e-invoicing in January 2027. This would initially relate to only domestic transactions. The EU’s VAT
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
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
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
