Changes regarding invoice payments in Slovakia

Starting from January 2022, the tax administration of Slovakia (Finančná správa) is to publish an updated list of all bank account numbers disclosed by companies every day. By the end of November 2021, Slovak VAT-registered taxpayers already had to provide tax authorities with all bank accounts that they use in their economic activities. Most importantly, payment for an invoice must be made only to the supplier’s bank account as stated on the list published by tax authorities. Otherwise, a customer becomes jointly responsible for the supplier’s VAT liability. 

In order to check the validity of someone’s bank account, there is a special API published by the tax authorities called OpenAPI. Apart from verifying bank account numbers, this API allows users to check other Slovak tax databases. For example, it is possible to verify whether a particular Slovak VAT ID is a valid one.