- Slovakia has approved a law mandating electronic invoicing and real-time VAT data reporting.
- The rollout occurs in two phases: domestic transactions from January 1, 2027, and cross-border transactions from July 1, 2030.
- Traditional VAT reporting requirements will be abolished from July 1, 2030, as e-invoicing will capture all necessary data.
- From July 1, 2030, VAT deduction rights for domestic supplies will require a valid e-invoice.
- The law aims to tackle tax evasion, close the VAT gap, and implement the EU VAT in the Digital Age Directive.
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.
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