Slovakia Prepares for Mandatory B2B Electronic Invoicing

Slovakia's Financial Administration is implementing mandatory B2B electronic invoicing through the decentralized Peppol network, aiming to fully digitize and standardize invoice processing and reduce manual intervention. This transition, utilizing a secure pan-European XML format, promises cost savings, improved security, and streamlined business procedures.

The Financial Administration of Slovakia has announced the launch of a project to implement electronic invoicing in the business-to-business (B2B) sector. The goal of the project is to digitize the invoicing process entirely, from preparation by suppliers to processing by customers and automated data submission to the Financial Administration.

It will minimize manual intervention, streamline invoice processing, and standardize data into a structured format. Authorities also promise cost savings by reducing reliance on paper invoices and shortening invoice-related procedures for businesses.

The Financial Administration has opted for a decentralized electronic invoicing system through the Peppol network. This platform, established by the European Commission and adopted by nearly 20 EU countries, allows certified providers to deliver services while mitigating risks of system failures.

A unified and secure method for sending electronic invoices will replace vulnerable PDF formats and unsecured email transmissions. Businesses will no longer need customer consent for delivery methods as all entities will be registered in the system. The system will adopt a pan-European XML format for invoices, ensuring secure communication protocols.