- Slovakia will implement a new VAT return form, DPHv25, starting July 2025.
- The form introduces changes in reporting import VAT, aligning with EU VAT legislation.
- New fields for import VAT reporting include Output VAT Boxes 11c to 12e and Input VAT Boxes 23a to 23c.
- The reverse charge mechanism allows businesses to self-account for import VAT.
- Benefits for importers include improved cash flow, streamlined VAT recovery, and better data alignment.
- Businesses must update systems, train teams, and review documentation to comply.
- Changes apply to VAT returns for periods starting on or after 1 July 2025.
Source: marosavat.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.
