The Slovak Ministry of Finance has proposed amendments to the Value-Added Tax Law, including a reduction in the threshold for issuing simplified invoices from EUR 1000 to EUR 400. The objective is to combat tax evasion and harmonize with EU rules. Other proposed changes include a special scheme for small businesses, changes in VAT registration and reporting, and revisions to the place of supply of services for virtual events. The draft amendment is subject to parliamentary approval and may undergo further changes.
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