Read the overview summary of the most significant changes brought by the draft of the Amendment to the Slovak Value Added Tax Act No. 222/2004 Coll., which was submitted for the approval to the National Council of the Slovak Republic on 28 August 2020.
The Amendment to the VAT Act focuses on areas that required harmonization in line with EU law and introduces two fundamental changes in the area of correcting the tax base in the event of unpaid supplies and distance sale of goods.
After the approval, the Amendment shall enter into force as of 1 January 2021, with the exception of the provisions concerning special tax schemes relating to e-commerce in goods and services and import of small consignments from third countries, which shall enter into force on 01.07.2021.
This amendment is not approved yet, so we recommend you monitoring the legislative process and any changes that may occur in the approval process.