- Amendments to the Slovak Value Added Tax (VAT) Act approved by the Slovak Parliament
- Effective dates of changes are 1 July 2024, 1 January 2025, 1 July 2025, and 1 January 2026
- Changes include introduction of special scheme for small enterprises
- Changes in VAT registration and deregistration for taxable persons
- Changes in deadlines for filing VAT reports and issuing invoices
- Introduction of reverse-charge mechanism for importation of goods
- Changes in taxation of leasing agreements
- Amendment to place of supply of services for virtual events
- Possibility to claim input VAT deduction from intra-community acquisition of goods with another document
- Decrease in amount for simplified invoice issuance from €1000 to €400
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
