To improve the collection of value added tax, a list of bank accounts of VAT payers will be introduced in Slovakia on 1 January 2022. By 30 November 2021, existing VAT payers have to report their bank accounts to the Financial Administration of the Slovak Republic, who will publish the list of bank accounts on its website. Any taxpayer whose account does not appear on the list of bank accounts will not be repaid excess deductions or overpayments of VAT.
The introduction of the list of bank accounts is one of the most important elements of the proposed changes to the Slovakian Value Added Tax Act published in spring 2021 as part of the amendment to the Act on Tax Administration.
Source WTS
