Fiscal subject related
The Slovak government is taking several steps towards VAT digitization, issuing preliminary information in late December 2024 on the introduction of mandatory electronic invoicing and real-time reporting of invoice data to the Financial Administration.
This proposal aligns with the European Union's (EU) directive for mandatory real-time reporting of cross-border transactions by 2030. However, Slovakia is advancing its timeline for domestic transactions with the following implementation schedule:
• January 2027: Introduction of electronic invoicing for VAT payers. Invoices must be issued, sent, and received in a structured electronic format, adhering to the European standard for electronic invoicing. This ensures uniformity and facilitates automatic processing.
• Real-Time Reporting for Domestic Transactions: The real-time reporting of domestic transactions will follow the guidelines set by the European Commission's VAT in the Digital Age (ViDA) package for cross-border transactions within the EU.
• July 2030: Mandatory real-time reporting of cross-border transactions. Slovakia will implement the legal acts approved within the ViDA package, ensuring that the reporting of cross-border transactions mirrors that of domestic transactions.
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Already subscriber? LoginSlovakia plans to develop a state-controlled QR payment system for merchants.

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