- The document is from the Financial Directorate of the Slovak Republic
- It provides information about data entry from correction invoices for billing repeated electricity supplies for the period from January 1, 2024, to December 31, 2024
- This information is intended for VAT payers registered under specific sections of the VAT law, specifically electricity suppliers
- During 2024, these suppliers billed their customers, both taxable and non-taxable legal entities, with flat rates for repeated electricity deliveries
- At the end of the accounting period, suppliers need to perform a settlement based on the actual amount of electricity delivered
- The document also addresses recipients who are VAT payers and who have claimed VAT deductions from the invoices received for repeated electricity deliveries
- Suppliers created invoices with flat sums or made payment agreements as part of the electricity supply contract
- VAT from these supplies was reported in tax returns for the respective tax periods of 2024
- A difference between the total price of the actual amount of electricity delivered and the sum of the prices invoiced during the accounting period is considered a correction of the tax base and tax
- This difference, which could be either positive or negative, is billed to customers through a correction invoice which must be issued within a specified deadline
- Suppliers report data about the tax base and tax corrections in specific lines of the tax return for the tax period in which the correction invoice was issued
- Recipients who have claimed VAT deductions from invoices or payment schedules report the tax from the correction invoice in their tax returns for the period they received the correction invoice
- If the correction leads to a reduction in the tax base and the recipient does not receive the correction invoice within 30 days of the event, further actions are implied
Source: financnasprava.sk
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.
