VATupdate

Share this post on

Slovakia Introduces VAT Amendments to Benefit Small Businesses and Simplify Procedures

  • Slovakia published Law No. 102/2024 amending the VAT Act
  • Measures include exempting small businesses from VAT based on turnover
  • Procedures and requirements for VAT registration and cancellations are set
  • Transitional provision for self-taxation on import of goods is provided
  • VAT deductions allowed based on documents other than invoices

Source: news.bloombergtax.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.

Sponsors:

VAT news
VAT news

Advertisements: