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Slovakia: VAT law changes proposed

Slovakia: VAT law changes proposed

The Slovak Ministry of Finance proposed a draft amendment to the Slovak value added tax (VAT) law.


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The VAT changes generally are proposed to be effective beginning from 1 January 2021; however, a proposed change to the deadline for registration for special schemes is proposed to be effective from 1 October 2020.

There are three major VAT changes proposed:

  • Introduction of new rules for the taxation of cross-border supplies of goods and services supplied to persons other than taxable persons including, among other items:
    • Cancellation of the VAT exemption upon the importation of consignments not exceeding a value of €22
    • Extension of use of the “One Stop Shop” mechanism
    • Introduction of “Import One Stop Shop” (IOSS) for imported goods up to a value of €150 and a simplification mechanism when the IOSS is not used
  • Introduction of rules allowing a correction of the tax base when there is a total or partial non-payment of consideration for the supply of goods or services (subject to certain conditions) and a related obligation to correct amount of input VAT deducted
  • Extension of the options to prove the export of the goods outside the EU

Read a July 2020 report prepared by the KPMG member firm in Slovakia

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