Slovakia is set to align with the EU's revised legislative framework for SMEs by introducing significant changes to its VAT registration process, effective January 1, 2025. These changes will impact both domestic and foreign taxable persons, with a focus on registration thresholds and compliance duties.
New Rules Arround VAT Registration Threshold in Slovakia
Public
Slovakia
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
1025
Content accuracy validation date:
26.06.2024
Content accuracy validation time:
08:00h
Key Changes for Domestic Taxable Persons:
- The mandatory VAT registration threshold is now set at an annual turnover of EUR 50,000 from the previous year or EUR 62,500 in the current year.
- The turnover calculation period has shifted from 12 consecutive months to the calendar year.
- VAT registration must be applied for within five working days after surpassing the turnover threshold.
- VAT imposition becomes mandatory from the start of the new calendar year or from the first taxable supply, depending on the turnover threshold reached.
Regulations for Foreign Taxable Persons:
- No registration threshold exists for foreign taxable persons making taxable supplies in Slovakia.
- VAT registration applications must be submitted within five working days of making a taxable supply, starting from January 1, 2025.
Other news from Slovakia
Cashless Payment Revolution Coming in Slovakia
Slovakia
Author: Ema Stamenković
Slovakia is launching a new instant payment system using QR codes, allowing customers to pay directly via mobile banking, with payments instantly confirmed and recorded by the merchant’s cash register. Developed in partnership with a Bratislava university and free from commercial intermediaries, the system lowers costs for merchants and boosts transparency to help fight tax evasion. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Cashless Payment Revolution Coming in Slovakia
Slovakia
Author: Ema Stamenković
Slovakia is launching a new QR code-based instant payment system that allows customers to pay directly via mobile banking, reducing reliance on card terminals and cutting merchant costs. Developed through a state-university partnership, the system enhances transparency and supports tax compliance by instantly registering transactions at the point of sale. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Slovakia plans to develop a state-controlled QR payment system for merchants.
Public
Slovakia
Author: Nikolina Basić
Slovakia
Author: Nikolina Basić
Slovakia is developing a fully state-controlled QR payment system in partnership with the Slovak University of Technology, aiming to lower merchant costs and reduce reliance on private payment providers. The system will support real-time tax monitoring and transparency, with expected savings ranging from hundreds to millions of euros annually for businesses, while likely becoming a mandatory payme... Read more
End of intra-model European electronic invoice and new rules introduced
Public
Author: Nikolina Basić
Starting July 1, 2030, the EU will eliminate the Intra models for VAT reporting, replacing them with mandatory electronic invoicing under Directive 516/2025. The new system, part of the VIDA 2030 Package, will require businesses to issue standardized e-invoices for all intra-EU B2B transactions, with data transmitted to VIES for cross-border VAT monitoring and fraud prevention. This shift aims to... Read more
Understanding the Digital Services Act
Author: Ivana Picajkić
The Digital Services Act (DSA) is an EU regulation designed to ensure safer and more transparent online environments by imposing new responsibilities on digital service providers, including those outside the EU. It applies to a broad range of online platforms, with stricter obligations for very large platforms, but also key requirements for medium-sized businesses, such as EU representation, transparency, and content moderation reporting. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New document was uploaded: 289-2008 Coll Act for cash registers (english translate)
Slovakia
Author: Nikolina Basic
This regulation represents a main fiscal regulation for fiscalization requirements in Slovakia. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Slovakia adopts Peppol network for decentralized e-invoicing system.
Public
Slovakia
Author: Nikolina Basić
Slovakia
Author: Nikolina Basić
Slovakia’s Financial Administration will serve as the national Peppol Authority, introducing a decentralized e-invoicing system based on the Peppol network, with legislation expected by summer 2025. Mandatory B2B e-invoicing and real-time reporting to tax authorities will begin in January 2027. The system enables structured invoice exchange via certified providers without buyer pre-approval, ensur... Read more