The Slovak Official Gazette Dec. 30 published Law No. 516/2022, transposing EU directives to the VAT Act. The law includes measures:
- 1) increasing the VAT registration threshold to 49,790 euros (US$53,182);
- 2) setting procedures and requirements for VAT registration exemptions and cancellations;
- 3) exempting VAT on goods and services purchased or imported by the EU, if made available free of charge to combat the coronavirus pandemic;
- 4) amending the VAT deduction obligation rules for the non-payment of VAT;
- 5) amending the VAT refund rules; and
- 6) amending the recordkeeping obligations for payment service providers on cross-border payments.
Source Bloombergtax
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