Slovakia Introduces Import VAT Postponement Scheme

In a move to enhance VAT efficiency and support businesses trading internationally, Slovakia has introduced a major update to its VAT legislation. Act 102/2024 Coll., published on 17 May 2024, brings forward a significant change: the introduction of Postponed VAT Accounting for imports. This update, effective from 1 July 2025, aligns Slovakia with other EU countries offering import VAT relief and is expected to improve cash flow and compliance for qualifying businesses. 

On 17 May 2024, a bill amending the Slovakian VAT Act for 2025, Act 102/2024 Coll., was officially published. 

The amendment introduces a new import VAT postponement scheme, which will be effective from 1 July 2025. 

One of the key features of this amendment is Postponed VAT Accounting. 

Slovakian established businesses can postpone the import VAT and instead account for it in their local VAT return. This helps improve cash flow and simplifies VAT compliance for businesses. 

To benefit from this scheme, businesses must meet the following conditions: 

• A Customs Declaration is filed on behalf of the taxpayer when the VAT liability arises 

• The taxpayer must have a registered Slovakian VAT ID 

• The taxpayer must hold a valid Advanced Economic Operator license under customs legislation 

• The imported goods must be used for VAT-taxable business activity 

EU-established businesses will also be eligible for this scheme starting 1 January 2026, provided they meet the same conditions as Slovakian businesses. 

The new VAT return format, applicable from 1 July 2025, reflects these changes along with adjustments to the VAT rates for the year 2025. 

The scheme aims to improve cash flow and simplify the VAT compliance process for eligible businesses. 

Businesses can avoid paying VAT upfront at the customs point and instead report it in their regular VAT returns. Participation in this scheme is subject to strict regulations, and businesses must meet the outlined criteria to qualify. 

The introduction of the Slovakia import VAT postponement scheme marks a positive shift toward greater VAT efficiency and harmonisation with EU practices. For businesses importing goods into Slovakia, the scheme offers significant cash flow benefits and a more streamlined compliance process. However, the eligibility requirements are strict, so businesses should review their customs status, VAT registration, and licensing in preparation for the changes. Early planning will be key to taking full advantage of this opportunity.

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