If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more

The EU's Economic and Financial Affairs Council (ECOFIN) has approved the Value Added Tax in the Digital Age (ViDA) proposal, aiming to modernize VAT rules and combat tax fraud. ViDA introduces key measures like Digital Reporting Requirements (DRR), VAT collection for the platform economy, and expanded Single VAT Registration, with implementation planned from 2027 to 2035. Businesses must prepare... Read more

The Slovak Republic enacted a new tax on sweetened non-alcoholic beverages, set to take effect on January 1, 2025. This indirect consumption tax targets business entities responsible for the first delivery of these beverages, including local producers and importers. The tax rates are structured as follows... €0.15 per liter for sugary beverages €0.30 per liter for beverages with high... Read more

The Slovak Parliament has approved a significant amendment to its VAT legislation, set to take effect from January 1, 2025. This move is part of a broader fiscal consolidation effort aimed at increasing state revenue. Let's find out what key changes include! Key changes include: - The standard VAT rate will rise from the current 20% to 23%. - The existing reduced VAT rate of 10% will be replace... Read more

In a significant move to boost the tourism and hospitality sectors, Slovakia has announced a reduction in the VAT rate on accommodation services to 5 percent. This is a notable decrease from the originally proposed increase from 10 to 23 percent. The VAT rate for restaurant services will also be reduced to 5 percent, while the rates for non-alcoholic beverages and alcohol will remain at 19 percent... Read more

As digital platforms continue to transform industries, taxi services are no exception. In Slovakia, the operation of taxi services has largely shifted to platforms such as UBER or Bolt. When it comes to the use of cash registers the rules for taxi drivers contain certain exceptions that simplify the process, especially when operating through digital platforms like Uber, Bolt, or Hopin. Here’s a br... Read more

The Financial Directorate of the Slovak Republic has recently provided important information regarding the Electronic System for Monitoring the Movement of Goods subject to excise duties between EU member states. This system, known as the Excise Movement and Control System (EMCS), is designed to streamline and secure the transportation of excise goods such as gas oil and motor gasoline. The EMCS s... Read more