Slovakia propose VAT amendments from 2019

3 September 2018

From January 2019, Slovakia are proposing to amend their VAT legislation. Some of the changes being considered include:

• The adoption of the new EU VAT rules for the treatment of single and multi-purpose vouchers – Please click here for our previous article explaining the new VAT treatments.

• Complete withdrawal of the VAT guarantee requirement – This will mean that non-EU businesses registering for VAT will no longer need to pay a VAT guarantee to the tax office to protect against possible VAT underpayments.

• Removal of supplies of agricultural crops and metals products from the local VAT reverse charge procedure, but only if a simplified invoice is issued