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Regulatory Compliance Updates in Slovakia: Key Developments and Changes to Watch Out For

Modernizing Tax Administration for E-Invoicing Purposes

In recent months, Slovakia has made significant strides in modernizing its tax administration for e-invoicing purposes. The country’s national e-invoicing system (eFaktúra) is set to be implemented soon, as outlined in the National Reform Program.

Key Developments and Changes

• Implementation Timeline: The rollout of Slovakia’s B2G e-invoicing CTC project has been pushed back from Q1 2023 to Q1 2024.
• Value-Added Tax Law Amendments: A draft amendment was presented in August 2023, outlining key modifications that are set to impact businesses operating within the country.

Implementation Timeline for B2B Segment

The implementation timeline for the B2B segment is also a point of interest. Initially expected to be completed by January 2023, it remains unclear when this will take place. However, it’s worth noting that the project’s gradual roll-out is anticipated to occur in four phases during 2023.

Testing and Rollout

• Testing of e-invoicing platform: Testing for governmental entities is set to begin in April 2023.
• Wider rollout: The system is expected to be fully functional and secure before its wider rollout.

Regulatory Landscape and Compliance Requirements

The regulatory landscape in Slovakia has undergone several significant changes in recent years, with the implementation of new laws and regulations aimed at improving tax administration and combating tax evasion. The current developments signal an ongoing commitment to modernizing the country’s tax infrastructure, with a focus on ensuring transparency, efficiency, and compliance.

Staying Compliant

As businesses operating within Slovakia navigate these changes, it is essential to stay informed about the latest updates and regulatory requirements. This includes understanding the specific rules governing e-invoicing, archiving periods, and other key aspects of the new system.

Expert Guidance and Support

At Pagero Regulatory Atlas, we offer expert guidance and support to help companies streamline their business operations in line with changing regulations. Our team is available for consultation to provide personalized advice on how to navigate the complex landscape of regulatory compliance updates in Slovakia.