The National Council of the Slovak Republic has approved amendments to the VAT Act and other related acts. The most important changes to the VAT Act include new turnover thresholds for VAT registration, with a turnover of €50,000 in the current calendar year causing VAT registration from the following year, unless certain events occur. There is also a new turnover threshold of €62,500, which if exceeded, requires immediate VAT registration. The application for VAT registration must be filed within 5 working days of the event that triggers the registration.
Source PwC
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