Slovakia has introduced a postponed accounting system for import VAT, allowing businesses to defer payment of VAT on imports until their next VAT return. This system aims to simplify VAT compliance for businesses and improve cash flow by reducing the need for upfront VAT payments on imports.
Source: vatdesk.eu
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.
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