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Slovakia VAT update


Slovakia VAT update

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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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.