Slovakia is updating its VAT registration process for businesses starting January 1st, 2025. The key changes are:
- Increased registration threshold: €49,790 (previous year) or €62,500 (current year) to €50,000 per year.
- Turnover calculation based on the calendar year instead of 12 consecutive months.
- Faster registration: Apply within 5 working days of exceeding the threshold.
- Foreign businesses: No threshold, register within 5 days of making a taxable supply.
Source: fiscal-requirements.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"
- Slovakia Issues Guide on VAT Act Amendments, Mandating E-Invoicing and New VAT Payment Rules
- VAT Deduction Limits for Company Cars Used Privately: Key Changes from January 2026
- Information on Amendments to the VAT Act Effective from 2027 and 2030 in Slovakia
- Fiscalization and E-Commerce in Slovakia: Legal Framework, Obligations, Devices, Receipts, and Consumer Rights
- Slovakia publishes accreditation requirements for service providers
