- The Slovak Republic’s Ministry of Finance is consulting on a draft law to amend the Value Added Tax Act for mandatory electronic invoicing and online data reporting.
- The draft law aims to implement provisions of the EU Directive 2025/516 on VAT rules for the digital age.
- The EU Directive 2025/516 took effect on 14 April 2025, updating VAT systems for digital economies and reducing VAT fraud.
- Consultation feedback is due by 19 August 2025.
- From 1 January 2027, domestic VAT-registered taxpayers must use electronic invoicing for domestic transactions.
- From 1 July 2030, this requirement extends to foreign VAT-registered taxpayers for EU cross-border transactions.
- Electronic invoice data reporting for domestic transactions starts on 1 January 2027.
- Reporting for EU cross-border transactions becomes mandatory from 1 July 2030.
- VAT control statement and EC Sales List reporting will be abolished from 1 July 2030.
- VAT registration rules will change from 1 January 2026 to prevent tax evasion, including group registration for VAT.
- The draft law requires parliamentary approval, presidential signature, and publication to become effective.
Source: regfollower.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.
