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Slovak Republic bad debt relief for VAT

The Slovak Republic has introduced VAT relief for sales invoices which have gone bad from 1 January 2021. Previously, this was unavailable to resident or non-residents with a VAT registration.

The recoverability for VAT paid to the tax authorities only applies on debts no more than three years old. A correction should be made via a credit note which should be sent to the customer to adjust their VAT deductible.

To qualify for recoverable sales VAT, any of the following conditions should apply:

  • Any debts not exceeding €300 including VAT which are over twelve months old
  • Customer is ceased trading (or passed away in the case of individuals)
  • Customer is in debt relief proceedings
  • No repayment following enforcement proceedings issued at least twelve months ago

The supplier and customer must have not material connection (ownership or control) for the above conditions to apply.

Calculate or verify Slovak VAT calculations on individual or batch transactions with our Advisor and Auditor services.


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