Your professional business partner in Slovakia
TIMEVAT help foreign companies in most industries with registration, reporting and compliance in Slovakia. We are your VAT experts and consultants towards the Slovakian authorities.
If a company not established in Slovakia is providing ‘taxable supplies’ of goods or services in Slovakia, it may have to obtain a non-resident Slovakian export VAT registration. In accordance with the EU VAT Directive, foreign traders are legally obligated to register for Slovakian export VAT in certain circumstances in order to report taxable transactions and declare VAT that must be charged.
All businesses with any commercial activity in Slovakia must therefore assess their compliance obligations and register prior to commencing taxable transactions if applicable.
What you need to know
There are various scenarios that would trigger an obligation to register for VAT in Slovakia. Some of the most common examples are:
- Importing goods into Slovakia from outside the European Union
- Buying and selling goods in Slovakia (excluding domestic reverse charge)
- Selling goods from Slovakia which are delivered to customers outside of Slovakia (business or private customers)
- Acquiring goods in Slovakia from another EU country (Intra-community acquisitions)
- Holding inventory in Slovakia for sale, distribution or consignment
- When total E-commerce sales of goods to consumers in EU, exceeds the threshold of € 10,000 companies are now eligible for signing up for (One-stop-shop) called the OSS scheme by SKAT.
If you already do business or plan to do business in Slovakia, you should contact TIMEVAT immediately. We speak the language, have easy access to the Slovakian authorities and now the procedures. Please contact us for advise and assistance.
VAT Rates, Formats & Thresholds
| VAT Rates | VAT Designation | VAT Number Format | Distance Selling Threshold | Intrastat Threshold | ||
| 20% | (Standard) | DPH | SK1234567890 | € 10,000 *) | € 1,000,000 | (Arrivals) |
| 10% | (Reduced) | € 1,000,000 | (Dispatches) |
*) As of 1st of July 2021 companies are eligible to sign up for (One-stop-shop) the OSS scheme by SKAT when the total annual EU sales exceeds the threshold of € 10,000.
VAT return periods
Monthly
Quarterly (after 1. year if turnover below € 100,000)
Annual returns
No
EC Sales Lists frequency
Monthly or quarterly
EC purchase lists
No
Other reporting requirements
National Recapitulative Statement
Reverse charge
Slovakia applies an extended reverse charge to a wide range of goods and services. Please contact us if you would like details of how the extended reverse charge applies in Slovakia.
Fiscal repræsentation
The concept of a tax representative does not apply in Slovakia.
