- Law No. 102/2024 amends Act No. 222/2004 on VAT in Slovakia
- Small businesses in Slovakia are exempt from VAT if their annual turnover is below 50,000 euros
- Small businesses in other EU states are exempt from VAT if their annual EU turnover is below 100,000 euros
- Procedures and requirements for VAT registration and cancellations are set forth in the law
- Transitional provision for self-taxation on the import of goods is provided
- VAT deductions can be made based on documents other than invoices
- The law is effective immediately, with some exceptions.
Source: globalvatcompliance.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.
