SLOVAK REPUBLIC

SLOVAK REPUBLIC (DPH)

Slovak Republic  being an EU member state falls under the EU VAT regime. Member states must adopt EU VAT Directives into their own legislation.

Standard VAT Rate: 20%

Reduced VAT Rate: 10%

Registration Threshold Distance Selling: 35,000 €

EU VAT number format: SK9999999999

Registration Threshold

Resident - EUR 49,790
Non resident - There is no registration threshold                      
IC Acquisitions - EUR 13,941.45    

VAT Registration

In general a foreign entity is obliged to register before:

• it starts providing taxable supplies in Slovakia;
• it makes long-distance sales in Slovakia to persons not registered for Slovak VAT purposes, and the total value of the supplied goods reaches EUR 35,000 in a calendar year (voluntary registration should be available, even if turnover is below this threshold); and
• it makes long-distance supplies of goods to individuals for personal consumption, and these goods are subject to excise tax.

VAT Compliance

Detailed rules regulate reporting requirements of Slovak transactions for Value Added Tax purposes. These include: invoice requirements, timeliness for an invoice to be issued, invoice and credit notes corrections rules, foreign currency reporting requirements and exchange rate sources, correction of previously submitted returns and accounting records that must be maintained for VAT purposes. 

VAT Returns

VAT returns must be made Monthly or quarterly.

The deadline for filing the VAT return is 25 days after the end of the taxable period. From 1 January 2016 Slovakia will introduce the application of the local reverse charge mechanism on building supplies. The responsibility for VAT will no longer fall on the providers of construction work but the customer.

Intrastat and EC Sales Lists

The Intrastat discloses details of movements of goods between Member States which take place for commercial reasons, recording the movement whenever goods enter the territory of Slovak Republic from other Member States or leave it to other Member States.

Declaration must be filed monthly once the annual threshold is exceeded.

Intrastat declarations can be submitted in paper format. The due date for submission is the fifteenth calendar day of the month following the reference period. E.g. for the January period, declarations must be submitted by 15 February.