Slovakia is set to align with the EU's revised legislative framework for SMEs by introducing significant changes to its VAT registration process, effective January 1, 2025. These changes will impact both domestic and foreign taxable persons, with a focus on registration thresholds and compliance duties.
New Rules Arround VAT Registration Threshold in Slovakia
Public
Slovakia
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
406
Content accuracy validation date:
26.06.2024
Content accuracy validation time:
08:00h
Key Changes for Domestic Taxable Persons:
- The mandatory VAT registration threshold is now set at an annual turnover of EUR 50,000 from the previous year or EUR 62,500 in the current year.
- The turnover calculation period has shifted from 12 consecutive months to the calendar year.
- VAT registration must be applied for within five working days after surpassing the turnover threshold.
- VAT imposition becomes mandatory from the start of the new calendar year or from the first taxable supply, depending on the turnover threshold reached.
Regulations for Foreign Taxable Persons:
- No registration threshold exists for foreign taxable persons making taxable supplies in Slovakia.
- VAT registration applications must be submitted within five working days of making a taxable supply, starting from January 1, 2025.
Other news from Slovakia
Important notification for taxpayers in Slovakia
Slovakia
Author: Nikolina Basić
Slovakian tax authorities warn that due to VAT rate changes effective January 1, 2025, the Over doklad and ePeňaženka apps may initially display incomplete VAT recapitulations. Read more
VAT changes in Slovakia from 2025—Guide no. 8
Slovakia
Author: Nikolina Basić
Slovakia will implement new VAT rates starting January 1, 2025, as detailed in Guide No. 8/DPH/2024/IM. The basic VAT rate will rise from 20% to 23%, while the 10% reduced rate will be replaced by 19%, with the 5% reduced rate applied more broadly. Read more
VAT rates in Slovakia: update for restaurant and catering services
Public
Slovakia
Author: Nikolina Basić
Slovakia
Author: Nikolina Basić
The Slovak Financial Administration has released Guide No. 7/DPH/2024/IM, detailing the new VAT rates for restaurant and catering services, effective from January 1, 2025. This guide outlines the application of various VAT rates across different sectors in the gastronomic industry. VAT Rates: 5% reduced rate: applies to both prepared and unprepared food. 19% reduced rate: applies to beve... Read more
Control of the sales on the Christmas markets in Slovakia
Public
Slovakia
Author: Nikolina Basić
Slovakia
Author: Nikolina Basić
Slovakia's Financial Administration has launched a "Christmas Markets" control initiative to monitor sales registration and cash register use, prioritizing compliance over penalties. Inspectors will conduct checks in high-traffic areas, focusing on repeated violations, which may result in fines or temporary sales bans. Citizens are encouraged to request receipts and report irregularities, supporti... Read more
New document was uploaded: S4F backoffice patch
Author: Kristina Dosen
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Read more
Important notice for Slovakia regarding FS Portal—electronic forms
Slovakia
Author: Nikolina Basić
The Slovak Ministry of Finance has issued guidance for submitting electronic forms via the FS portal to avoid processing errors. Users are advised to clear their browser cache, especially in Chrome and Edge, to ensure accurate form submission and access to the latest version. Read more
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
Public
All countries
Author: Kristina Dosen
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