Slovakia

Slovakia VAT registration simplification

November 19th, 2017

From 1 Jan 2018, non-resident Slovakian businesses may avoid the obligation to VAT register for intra-community transactions and distance sales from Slovakia. Currently, foreign companies must apply for a Slovakian VAT registration if they are acquired or dispatch goods on a B2B basis through Slovakia. Or if they make distance sales from Slovakia where the place …


Slovakia

Slovakia VAT update

May 28th, 2017

Slovakia has proposed several changes to its VAT laws which come into effect on 1 January 2018, including: The right for the tax authorities to seek a €1,000 VAT deposit for non-incorporated persons seeking VAT registration Withdrawal of the €5,000 threshold for application of domestic reverse charge on fraud-susceptible sectors Changes to the tourism industry …


Slovakia

Slovakia delays import VAT deferment

September 5th, 2016

Plans to introduce import VAT deferment for importers into Slovakia have been delayed from the scheduled January 2017. There is no proposed new date, indicated a long term shelving of the scheme designed to attract imports into the EU via Slovakia. The regime was set to mirror a highly successful Czech scheme, which has captured …


Slovakia

Slovak VAT changes

January 8th, 2016

The new Slovak VAT Act will bring in changes to the Value Added Tax regime in 2016. The changes include: Basic foodstuffs are lowered to the 10% reduced VAT rate The introduction of the domestic reverse charge for supplies in the construction industry Cash-based VAT remittance for supplies to delay paying output VAT due until …


Slovakia

Vat Ledger Report or National Recapitulative Statement

August 10th, 2015

Since January 2014, businesses have been required to submit VAT ledger reports. The VAT Ledger report contains details of a company’s incoming and outgoing invoices for each VAT period. The deadline for submission is the 25th day of the month following the tax period end. Failure to submit the report may result in a fine …


Slovakia

Slovakian Intrastat

August 10th, 2015

In addition to VAT returns, foreign companies trading in Slovakia may be required to complete statistical reports, or ‘Intrastats’, on the movement of goods across the national borders.  This can include both sales and acquisitions to/from other companies as well as the movement of goods by the same company. When do Slovakian Intrastat reports have …


Slovakia

Slovakian EC Sales Lists (ESL)

August 10th, 2015

If a Slovakian VAT registered business, resident or non-resident, is selling goods or services to other VAT registered companies in Europe, then an EC Sales List (ESL) return may be required.  These may also be known as recapitulative statements.  This is in addition to the regular Slovakian VAT return or Slovakian Intrastat.


Slovakia

Slovakian VAT returns

August 10th, 2015

Any company registered with the Slovakian tax authorities (see our Slovakian VAT registration briefing) as a non-resident VAT trader must report taxable transactions through periodic filings, known as returns.       What are the deadlines for filing Slovakian VAT returns? Slovakian VAT returns are due by the 25th day of the month following the …