VATupdate

Slovakia Continues to Advance its e-Invoicing Project

As of January 2022 companies are able to send electronic invoices to public administrations in Slovakia. This is because the government has completed its communications platform called IS EFA.

Although the electronic invoice in Slovakia is currently voluntary, we believe it will become mandatory for B2G and B2B transactions.

The creation of the IS EFA platform through a collaboration between the ministry of finance and the public contracting company is a great advancement for electronic invoicing in the country, since it will reduce administrative costs, improve efficiency, and increase transparency in public administrations.

Source: edicomgroup.com

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