The Slovak Ministry of Finance has introduced a draft amendment to the Value Added Tax (VAT) Act that proposes several major changes, including a lower threshold for issuing simplified invoices. The draft amendment is expected to be effective July 1, 2024, subject to parliamentary approval. According to the current VAT law, a simplified invoice can be issued for supplies of goods or services up to €1,000, excluding VAT. A simplified invoice does not need to contain all the details required for a full invoice, such as the name and address of the customer.
Source: fiscal-requirements.com
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