- Slovakia introduces special VAT exemption regime for small businesses
- Regulation implements European Union directives
- Effective from January 1, 2025
- Eligibility for businesses with annual EU turnover under 100,000 euros
- Exemption applicable in Slovakia and other EU member states
- Businesses must notify intent to use regime in specific EU countries
- Notification through member state of registered office, residence, or business location
- Tax Administrator to facilitate information exchange with other EU states
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.
