VATupdate

SLOVAKIA

Slovakia

Slovakia is one of the 27 Member States of the European Union.

Basic VAcTs

Latest update 01.06.2024
Country ISO Code SK
EU Member State Yes
Local name Daň z pridanej hodnoty (DPH)
VAT number format SK 1234567890
VAT Rates  
Standard VAT Rate 20%
Reduced VAT Rate 10%
Special Reduced VAT Rate

5%

VAT Compliance  
Standard VAT Return filing period Monthly or (calendaer) quarter
Standard VAT Return filing deadline 25th day of the month following the filing period

VAT Representation required for non-resident
businesses?

Yes, under conditions
Record retention period 10 years
Electronic invoicing Not mandatory for B2B transactions
Click HERE for more info
Real-time reporting n.a.
Special Rules  
General domestic reverse charge for domestic
supplies of goods by non-resident businesses?
Yes, domestic supplies of goods by non-resident
businesses to established and VAT registered
B2B customers
Other domestic reverse charge mechanisms? Yes, e.g. supplies of specific goods (e.g. IT-products,
scrap, waste materials), supply of CO2-certificates
Postponed Accounting on Import No
VAT Grouping possible? Yes
VAT Refunds for non-EU businesses? Case-by-case basis, but in practice, VAT is always
refunded to Canadian and Swiss companies
Remarks  
Link to VAT Law HERE
Remarks  

Below is an overview of the latest VAT news for this country.

Note: The above information is taken from various sources and is for information purposes only and is not intended to be advice. Although the author went to great lengths to make sure the information is accurate and useful, users should not act on the basis of any matter used or presented without considering appropriate professional advice.

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