- Phased Rollout of E-Invoicing: Slovakia’s E-invoice system is becoming mandatory for state and public administration bodies, with implementation occurring in four phases throughout 2023, starting with G2G and B2G transactions.
- Key Milestones for Compliance: By Q1 2024, the Ministry of Finance and its associated suppliers, as well as budget organizations and other government entities, are required to adopt the E-invoicing system, following the initial transactions starting June 1, 2022.
- Future Developments: The government aims to introduce a Continuous Transaction Controls (CTC) system for B2B and B2C transactions by 2025, along with an API invoicing interface and structured manual invoicing options for businesses to streamline invoice management.
Source: tpa-global.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Slovakia"
- Slovak Republic Plans Digital Services Tax to Target Multinational Tech Giants for Local Revenue
- Slovakia’s New VAT Return Form: Key Changes and Business Implications for 2025
- Slovakia to Implement E-Invoicing and Real-Time Reporting by 2027, Expanding in 2030
- Slovakia Digital Services Tax proposal
- Slovakia’s E-Invoicing Mandate: Transforming Business Operations and Enhancing Competitive Edge by 2027
