Slovakia VAT update

Sun 28th May 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 VAT margin scheme
  • Limited invoice requirements on non-resident customers of electricity, power and water
  • An update to the rules on VAT triangulation on qualifying customer, including ESL obligations


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