- Introduction of Mandatory Electronic Invoicing: The Slovak Government is initiating a digitization process for VAT, with plans to implement mandatory electronic invoicing for VAT payers starting in January 2027, requiring invoices to be issued, sent, and received in a structured electronic format based on European standards.
- Real-Time Reporting Requirements: Alongside electronic invoicing, Slovakia will also mandate real-time reporting of domestic transactions in a manner consistent with the EU’s VAT in the Digital Age (ViDA) package, with full compliance for cross-border transactions to be enforced by July 2030.
- Legislative Developments: A draft law detailing these changes is expected to be available in the second quarter of 2025, prompting businesses to monitor the legislative process closely for updates and adjustments related to these forthcoming requirements.
Source EY
