Slovakia VAT Requirements

Slovakia expands continuous transaction control

The modernisation of tax and tax controls remains a high priority for Slovakia’s tax authority. The Slovakian Ministry of Finance plans to introduce a continuous transaction control (CTC) scheme, with the aim to lower Slovakia’s VAT gap to the EU average and obtain real-time information about underlying business transactions. 

Have questions? Get in touch with a Sovos Slovakia CTC expert.

Quick facts on Slovakia E-Invoicing and VAT reporting

e-Invoicing

  • Just like in any other EU Member State, e-invoicing is permitted in Slovakia, subject to the buyer accepting the exchange of electronic invoices.
  • While Slovakia today is considered a post audit jurisdiction, a CTC reform is currently underway.
  • The draft legislation is expected to be published in 2022. The Act should be valid from 1 January 2023 and the respective obligations are as of now expected from 1 January 2024. The system is expected to become mandatory for B2G transactions from January 2023.
  • E-invoices can be stored in another Member State without notification, provided they are available in Slovakia should they be requested by the tax authority.

VAT Reporting

  • Filed either monthly or quarterly and must be submitted through a downloadable form issued by the Slovakian tax authority.
  • Additionally, Slovakia requires the submission of the Slovak Control Statement.
  • Businesses who accept cash payments must use an ‘online cash register’ that connects directly to the tax authority system.
  • Data submitted to the tax authority must be in XML format.
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Slovakia CTC Requirements

Understand more about Slovakia’s CTC requirements including when businesses need to comply and how Sovos can help.

Slovakia's upcoming CTC reform 2022

The envisaged CTC system, Electronic Invoice Information Systems (IS EFA, Informačný systém elektronickej fakturácie), will become mandatory for B2G transactions from early 2022.

Full details of the upcoming CTC system are not yet available, but the proposed legislation is expected to be published early 2022. The preliminary statements announced by the authorities in February 2021 aim to introduce mandatory real-time invoice reporting for all types of transactions (including B2B and B2C) by 2023.

The incoming CTC mandate will require businesses to report invoice data to the tax authority prior to issuing the invoice to their trading parties. Trading parties must then in turn report receipt of the invoice. Data must be sent either through certified accounting software or the government portal.

Mandated E-Invoicing rollout dates

  • June 2022: Voluntary public testing of the prototype platform IS EFA and OpenAPI will begin.
  • January 2023: The first phase of the mandatory e-invoicing system will go live and include B2G, G2G and G2B transactions.

The second phase will start at a later date and cover B2B and B2C transactions.

How can Sovos help with VAT compliance?

Need help to ensure your business stays compliant with evolving reporting and emerging CTC obligations?

Our experts continually monitor, interpret, and codify changes into our software, reducing the compliance burden on your tax and IT teams.

Learn how Sovos’ solution for VAT compliance changes can help companies stay compliant.