Value Added Tax (VAT) in Slovakia was introduced in 1993. The local name of the VAT is Daň z pridanej hodnoty (DPH).
Its legislative framework is mainly included in two Acts: Act No. 222/2004 (VAT Act) and Act No. 563/2009 (Tax procedural code).
The Slovakian AT system is directly administered by the Slovak Financial Directorate, which is responsible to the Ministry of Finance.
Reduced VAT Rate: 10%
The Standard rate of 20% is applicable for the supply of goods or services, which are not subject to a reduced rate of VAT. The reduced rate of 10% is applicable for selected types of goods and services (certain types of food, drugs and medical equipment, books, newspapers).
A taxable person that has its seat, place of business or fixed establishment in SK is obliged to register for VAT, if its threshold exceeded a turnover or EUR 49,790 within 12 consecutive calendar months. Such an entity is obliged to submit a registration form by 20th of the month following the month in which the threshold was reached.
A non-established entity is obliged to register for VAT before the initiation of the taxable activity in Slovakia.
Non-established entities are not obliged for VAT registration, in some specific cases, for example:
VAT Liability applies to the following transactions:
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An invoice must contain the following particulars:
The periodic VAT returns and payments shall be calculated and paid every month or, in some cases, every quarter.
Taxpayer is obliged to submit the applicable VAT returns by the 25th day of the month following the relevant periods. If the deadline falls to weekend or a bank holiday, the taxpayer is obliged to submit the VAT return on the next working day at the latest.
In case of a new VAT registration a monthly frequency is mandatory. Taxpayer is eligible to change a filling frequency from monthly to quarterly, if more than 12 calendar months lapsed since the VAT registration and did not reach a turnover of €100,000 for the previous 12 calendar months.
In addition a taxpayer is also obliged to submit other VAT related reports as well:
In case if it performed intra-Community supply of goods or services
Which represents a line-by-line report and contains all the VAT related transactions, which were performed during a month (e.g. domestic sales and purchases, intra-Community acquisitions and others)
For both ESL and VLS are due by the 25th day of the month (similarly as the VAT return).
Only electronical submission of the VAT return and other related reports are possible. For the e-submission of the returns a taxpayer must possess a hard token, which contains a valid electronic signature of the taxpayer.
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