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Amendments to the VAT Act in Slovakia: Changes to the Simplified Invoices Threshold

Public | Slovakia | Author: Stefan Ditrih | Subject: Fiscal subject related | Views: 1193 | Date and Time: 05.08.2024 08:13h
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Summary
Starting in January 2025, significant amendments to the VAT Act will come into effect, impacting businesses and their invoicing processes. One of the key changes involves the threshold for simplified invoices.
Content

The amendment reduces the threshold for issuing simplified invoices from EUR 1,000 to EUR 400 (excluding VAT). This change aims to reduce the administrative burden on companies.

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