- Slovakia announced legislative amendment to VAT Act for mandatory e-invoicing and real-time invoice data reporting from January 1, 2027
- Measures align with EU directives to improve VAT compliance, fraud detection, and transaction efficiency
- Public consultations on draft law open until January 31, 2025
- Amendment aims to improve speed, transparency, and accuracy of VAT-related transactions
- Financial administration will gain access to real-time data for better tax fraud detection
- Characteristics of e-invoice system include mandatory e-invoicing, real-time reporting for domestic transactions, and registration reforms
- Current practice of issuing paper invoices slows down transaction processes and complicates payment timelines
- Public can submit comments and suggestions on draft law until January 31, 2025, with further stakeholder input expected in mid-2025.
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.
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