Rise in VAT registration threshold to €75,000 1 July 2024 The Slovakian Parliament has accepted for review a proposed range of VAT changes, including an increase in the VAT registration threshold. Check all European VAT registration thresholds in our live tracker. The annual VAT registration
Ministry of Finance proposes 2% VAT rise The Slovakian Ministry of Finance has proposed a 2% rise in the standard Value Added Tax rate. This would increase the rate from 20% to 22%. In its proposals, the Ministry highlights that Slovakia’s 20% VAT rate is
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 Autumn 2023 (a second delay from Jan and then April 2023) – informačný
3-month reduction for catering and sport-related activities permanent from 1 April 2024 The Slovak Republic had agreed to a halving of the VAT rate on a range of supplies between 1 January and 31 March 2023. This has now been made permanent from 1 April
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
Slovakia is launching public register of the bank account of VAT registered businesses from 2022. Failure by customers to then check these accounts would result in joint and several VAT liabilities. The aim is to require customers to ensure they only pay any VAT into
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
