The Slovakian administration has once again announced a delay in the implementation of the mandatory submission of e-invoices to the IS EFA platform for B2G (business to government) and G2G (government to government) transactions. This decision comes as the government continues to refine the process and ensure smooth integration with the various entities involved.
The implementation of the B2G and G2G mandates for government and public administration institutions, as well as their suppliers, was initially scheduled to commence earlier this year. However, due to ongoing adjustments and considerations, the implementation timeline has been revised.
Postponement of e-invoicing implementation in Slovakia
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Slovakia
Author: Kristina Dosen
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Fiscal subject related
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537
Content accuracy validation date:
18.07.2023
Content accuracy validation time:
09:14h
The Slovakian Ministry of Finance, in collaboration with Datacentrum and its suppliers, will be the first entity to begin the mandatory e-invoice submission process. This initial phase is now expected to start in Q3 2023. The government aims to gradually include other institutions and organizations in subsequent stages. According to the updated timeline, Q4 2023 will witness the inclusion of budget organizations under the Ministry of Finance, including the Financial Administration of the Slovak Republic. These entities will then be required to submit e-invoices through the designated IS EFA platform.
The final stage of implementation, scheduled for Q1 2024, will involve other government and public administration entities. These organizations will be expected to adapt to the new e-invoice submission requirements to enhance efficiency, transparency, and accuracy in their financial transactions with the government. However, the engagement of entrepreneurs in transactions with government and public administration institutions is yet to be determined. The government will announce the specific timeline for entrepreneurs to comply with the mandatory e-invoice submission once it is finalized.
Once implemented, the mandatory submission of e-invoices will have significant implications for businesses, government entities, and the overall economy. The use of electronic invoices streamlines processes, reduces administrative burdens, and promotes greater transparency and accountability in financial transactions.
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