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Slovakia VAT changes

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 into line with the VAT Directive.

See more form our Slovakian VAT guide.

  • Launching of a special scheme for small enterprises: In various EU countries, a special VAT scheme tailored for small businesses has been implemented. This scheme aims to simplify VAT compliance for businesses with lower turnover, often allowing for reduced reporting requirements and simplified invoicing procedures.
  • Updates  in VAT registration and VAT deregistration for established and non-established taxable persons, including adjustments to the deadlines for filing VAT reports and issuing invoices: Across the EU, alterations to VAT registration and deregistration processes have been introduced. These changes impact both locally established businesses and those operating within the EU but not established in the respective country. Deadlines for submitting VAT reports and issuing invoices have also been modified to streamline compliance.
  • Updates in late VAT registration and related reporting: Many EU countries have revised their rules regarding late VAT registration and the associated reporting requirements. These changes are designed to enhance tax administration and ensure timelier compliance.
  • Implementation of a reverse-charge mechanism for imported goods (subject to specific conditions): In several EU member states, a reverse-charge mechanism has been introduced for imported goods under certain conditions. This mechanism shifts the responsibility for reporting and remitting VAT from the supplier to the recipient of the imported goods.
  • Updates of the place of supply for services in the case of virtual events: Some EU countries have amended the rules governing the place of supply for services related to virtual events, aligning them with evolving business practices in the digital realm.
  • Option of the possibility to claim input VAT deduction from Intra-Community acquisitions of goods based on documents other than invoices: In various EU nations, businesses now have the option to claim input VAT deduction for Intra-Community acquisitions of goods using documents other than traditional invoices, simplifying the process for eligible transactions.
  • Cut of the threshold for issuing simplified invoices (from €1,000 to €400): Many EU countries have lowered the threshold for which businesses are permitted to issue simplified invoices. This change allows for greater flexibility in invoicing for smaller transactions, reducing administrative burdens.


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