The Slovak Ministry of Finance launched a public consultation on Draft Bill No. 309/2022, to amend the VAT Act.
The bill includes provisions to:
- Change the VAT registration threshold to EUR 49,790.
- Regulate processes for VAT registration exemptions and cancellations
- Exempt VAT for EU-purchased or imported goods and services if made accessible free of charge
- Revise the VAT deduction requirement regulations for non-payment of VAT
- VAT requirements for refund
- Payment service providers’ recordkeeping duties for cross-border payments.
The law goes into effect on January 1, 2023. Submission of comments is due on June 20.
Source GVC
Latest Posts in "Slovakia"
- Slovakia Introduces Mandatory E-Invoicing and VAT Changes Starting 2027
- Slovakia Submits Draft E-invoicing and Real-time Reporting Legislation to Parliament
- Slovakia Mandates E-Invoicing for VAT Businesses Starting 2027, Expands Cross-Border by 2030
- Slovakia Introduces 50% VAT Deduction for Personal Vehicles Starting January 2026
- Slovakia’s ViDA VAT Reform Introduces Mandatory E-Invoicing and Real-Time Reporting by 2027
