Slovakian VAT rates and VAT compliance

Slovakian VAT rates

Companies are required to charge the correct VAT rates on their Slovakian transactions, and will be held liable for any errors or omissions.  Whilst the EU sets the framework for the rates, the Slovak Republic still determines the actual rates – although the higher, standard rate must be above 15%.

The current rates are:

Slovakian VAT rates

Rate Type Which goods or services
20% Standard All other taxable goods and services.
10% Reduced Some foodstuffs; pharmaceutical products; some medical equipment for disabled persons; books (excluding e-books).
0% Zero Intra-community and international passenger transport.

Slovakian VAT compliance

When providing local supplies under a Slovakian VAT number, companies are required to follow local accounting and tax rate rules.  These include:

Following the full information requirements for invoices under the Slovakian VAT Act.

  • Issuing invoicing for goods or services in accordance with the Slovakian time of supply rules
  • Use of electronic invoices, and approvals by customers
  • Maintenance of book, which must be retained for at least ten years
  • Processing of credit notes and other corrections
  • Use of approved foreign currency rates

What is the tax point for Slovakian VAT?

The tax point (time of supply) rules in Slovak Republic determine when the VAT is due.  It is then payable to the tax authorities 15 days after the VAT reporting period end (monthly or quarterly).

For most goods, it is the time of delivery or passage of title.  For services, it is the completion of the service.

Latest Slovakian news

EU VAT and tax veto review

January 25, 2019

The European Commission (EC) has proposed switching from unanimous to majority voting on EU VAT and other tax policies.  The aim is to progress fiscal reforms which face immovable opposition from just a limited number of member states. 

EU implements VAT generalised reverse charge

January 09, 2019

The EU VAT Directive has been updated from 1 January 2019 to introduce a voluntary generalised reverse charge measure on domestic transactions in member states.

EU e-book VAT rate cuts

December 28, 2018

Following agreement by EU member states to permit cutting the VAT rate on e-books and online journals to match the reduced/zero rating permitted on their paper-based equivalents, the following countries have already announced reductions...