Slovakia VAT update

May 27, 2017 | Richard Asquith

Slovakia has proposed several changes to its VAT laws which come into effect on 1 January 2018, including:

The right for the tax authorities to seek a €1,000 VAT deposit for non-incorporated persons seeking VAT registration
Withdrawal of the €5,000 threshold for application of domestic reverse charge on fraud-susceptible sectors
Changes to the tourism industry VAT margin scheme
Limited invoice requirements on non-resident customers of electricity, power and water
An update to the rules on VAT triangulation on qualifying customer, including ESL obligations

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