Our website uses  cookies for statistical purposes.

Our Articles

VAT in Slovakia

VAT in Slovakia

In Slovakia, VAT registration  is one of the most important steps in company registration for local businesses and one of the mandatory procedures for foreign enterprises. The process can be completed quicker with the help of our lawyers in Slovakia

Below, we invite you to discover what it entails to obtain a VAT number in Slovakia, as well as the services provided by our specialists in association with this tax.

 Quick Facts  
  VAT registration services available (YES/NO)

Yes

Standard rate

20% 

Lower rates

 10% on foodstuff, tourism, pharmaceutical products, 0% on international passenger transport
VAT registration requirements

49,790 EUR annual turnover

Registration time frame (approx.) Approx. 3 weeks 
VAT for real estate transactions

21% for capital gains sales 

Exemptions available (YES/NO)

Yes, supply of goods in the EU, international passenger transport, export of goods outside the EU, financial and insurance services, supply of real estate 

Filing period Monthly or quarterly filings are permitted 
VAT returns support (YES/NO)   Yes 
VAT refund availability (YES/NO) Yes for Slovak residents buying goods from other EU member states
Local tax agent required (YES/NO) Not mandatory, but this service is available on demand

VAT registration in Slovakia – Guide for foreign enterprises

Foreign businesses can register for VAT purposes in Slovakia without needing to establish a local company, but only by registering as non-residents.  The VAT registration threshold is zero for international companies doing business in Slovakia who are VAT- registered in their home state. However, the competent department must receive an application for a VAT number no later than 30 days following the initial taxable supply. This also applies when items are supplied within the Community by foreign enterprises.

The VAT registration threshold for sales on the internet is €35,000 per year for businesses with EU VAT registrations that offer items to customers in Slovakia online.

Non-resident VAT commerce is the practice of foreign businesses from inside or outside the EU registering for VAT in Slovakia without first forming a Slovak company or a permanent establishment. In the Slovak Republic, there is no VAT threshold for non-resident traders; a VAT number must be established prior to the start of taxable supplies. Reclaiming Slovak VAT paid before registration is subject to several restrictions, however there is a chance of severe penalties.

The necessary forms that must be filled out and sent to the Slovakian tax office with the supporting evidence are listed below:

  • if required, a VAT certificate demonstrating that the company is registered for VAT elsewhere in the EU;
  • a certified translation into Slovak of an original extract from the company’s national trade registration (notarized or court-stamped);
  • passport of the company’s representative.

Before beginning any taxable activity, non-resident enterprises must submit the registration form and supporting materials to the Slovakian tax authorities in Bratislava.

Once a company has completed VAT registration in Slovakia, it can start trading and collecting VAT from customers. It must abide by Slovakia’s VAT compliance regulations and submit timely returns.

There is no need to appoint a local fiscal representative for tax matters in Slovakia, however, such a service is available and is often requested by foreign entrepreneurs and companies.

Feel free to address our lawyers in Slovakia for detailed information on the requirements foreign companies need to respect when doing business in this country.

Documents required for VAT registration for Slovak companies

The list of documents to be submitted with the local tax office for Slovakia VAT registration is not extensive. Local companies or sole proprietorships are required to submit an application form alongside information about their status of taxpayers in Slovakia. In the case of entities applying for voluntary VAT registration, these are required to file an estimate of the expected turnover.

Companies and other entities are required to register for VAT with the tax offices in the Slovak cities they operate in. These fall under the administration of the Ministry for Finance in Slovakia.

Our Slovak law firm can guide companies through the mandatory andvoluntary VAT registration procedures.

Slovakian VAT  

The Value Added Tax (VAT) in Slovakia is a tax which is applicable to all products and services sold on the local market. The VAT is imposed to both natural persons and legal entities, buying and selling various goods within the territory of the country. 

Businessmen interested in opening a company in Slovakia should know that they will be imposed the VAT for the products or services they provide to the local consumers. As a general rule, the standard rate in Slovakia is established at 20%, but it is important to know that the local authorities imposed a reduced VAT rate, which is applied at the rate of 10%. 

The reduced rate is available for the following types of products: 

  • pharmaceutical products;
  • medical equipment used by disabled persons;
  • books.

There are several products and services which are exempt from VAT, such as financial and banking services, insurance or rental services (only for properties which are not considered new). Our team of Slovakian attorneys can offer more details on the VAT in Slovakia

If you need updated information on the VAT in Slovakia in 2024, our local advisors are at your service.

VAT-taxable goods and services in Slovakia

The Slovak legislation is very comprehensive in respect to the goods and services subject to the VAT. In order to be able to collect the tax, a Slovak company must first register with the tax office in which it is located.

In SlovakiaVAT registration is imposed for the supply of certain goods and services. In order for a company or sole trader to be required to register for VAT, a specific turnover must be obtained from the supply of the respective goods and/or services.

Import and export activities are also subject to VAT payments under special rates.

Slovakia also imposes a special VAT regime. This is available for suppliers issuing payment receipts for the goods and services sold. However, this regime applies in specific cases and implies the supplier to pay the VAT before the client/customer pays for the good or service purchased. This VAT regime is known as cash accounting and can be used by Slovak companies or foreign businesses that have a management place in Slovakia which meet certain requirements.

Our lawyers in Slovakia can offer more information on the various VAT requirements applicable in this country at the level of 2024. Also, if you need assistance how to obtain a Slovak VAT number, we are at your service.

Companies operating here, both local and foreign, are required to register for VAT purposes and our team of Slovakian lawyers can provide legal assistance on the registration process. 

We are also at your service with assistance in divorce proceedings in Slovakia.

Goods and services exempt from VAT in Slovakia in 2024

There are various categories of goods and services exempt from the VAT in Slovakia. Among these, we mention the following:

  • postal services and the supply of goods and related to them;
  • healthcare goods and services, no matter if they are offered by state or private facilities;
  • there are also several healthcare products exempt from the VAT, in accordance with the law;
  • certain social assistance and education-related services;
  • specific sport and physical activities, as well as cultural services;
  • insurance and re-insurance services are also exempt from the VAT in Slovakia;
  • the supply and leasing of various types of real estate property.

The range of activities exempt from VAT in Slovakia in 2024 is quite significant, however, we invite you to discuss with our lawyers in Slovakia about the applicability of these exemptions in accordance with the law. 

You can also rely on the services of our immigration lawyers in Slovkia if you plan on moving here. Immigration can also imply obtaining a visa before travelling and applying for a residence permit for Slovakia. You need to submit your application for a temporary residence permit at the embassy or consulate in your home country, along with the application for the national D visa. Once the embassy grants your application after you enter the country, you need to register at the Foreign Police Department and retrieve your residence card.

Our lawyers also specialize in immigration matters. For example, we can assist with the application process for citizenship in Slovakia. In this sense, you must get ready a number of documents, such as your ID, residence permit, birth certificate, citizenship application, etc. They need to be filed with the immigration office and then wait for the response which can take up to 2 years.

Who is required to register for VAT in Slovakia?

Under the Value Added Tax Act, which was last amended in 2019, the following taxpayers are required to apply for VAT registration in Slovakia:

  1. taxable persons and companies who have their residence, respectively management places on the territory of the country and has registered a minimum turnover of 49,790 euros in 12 consecutive months;
  2. taxable persons and companies that have not reached the registration threshold but want to register voluntarily;
  3. taxpayers registered in other countries who conduct business activities liable to VAT in Slovakia;
  4. foreign entities operating through branch offices that complete VAT-payable supply of goods and services;
  5. groups of companies are also allowed to register for VAT in Slovakia under certain circumstances.

If you need more information on the VAT registration requirements applicable in this country, our law firm in Slovakia is at your disposal with details.

We invite you to read about the VAT registration procedure in Slovakia in the scheme below:

VAT-Registration-in-Slovakia.png

VAT liability in Slovakia

The following transactions are subject to VAT liability in Slovakia:

  • local supply of goods or services for payment;
  • the purchase of commodities inside the community for money;
  • importing products.

If the taxpayer supplies local goods or services for personal use or the use of its employees, or for any other reason other than business-related, the input tax is deducted.

Transfer of own goods by a taxpayer from the Slovak Republic to another EU Member State or vice versa for the taxpayer’s business purposes is also subject to VAT. The use of the taxpayer’s assets for personal or staff use, provision of free goods or provision of goods for any purpose other than business-related are also liable for VAT.

In Slovakia, VAT registration is not a complicated procedure, however, in order to ensure full compliance, it is advisable to use specialized services. We also have accountants in Slovakia that can provide tailored support in tax matters.

It is worth noting that after VAT registration in Slovakia not submitting a VAT return in due time is subject to a €30 minimum late submission. A minimum of 15% of the owed VAT, or four times the European Central Bank’s late payment interest rate can be applied when late VAT payments are made. In order to avoid such penalties, you can rely on our local tax agents.

When are non-resident companies required to register for VAT in Slovakia  

Slovakia became a member of the European Union (EU) in 2004 and, since then, it has integrated in its national taxation system the EU’s regulations concerning VAT registration, compliance and procedures. 

It is important to know that the foreign companies operating on the local market are required to register for VAT in Slovakia in the following situations, as stated by the EU’s directives: 

  • importing products on the EU’s common market by transiting Slovakia;
  • purchasing and selling goods and services in Slovakia;
  • internet sales on the Slovakian market;
  • live events in Slovakia, for which the organiser sells tickets. 

With a vast experience in tax legislation, our law firm is at the services of local and foreign investors interested in setting up companies in Slovakia. We can handle the entire business registration procedure which also implies VAT registration in Slovakia.

VAT registration requirements for foreign citizen in Slovakia

Foreign citizens seeking to start commercial operations in Slovakia are required to register for VAT just like foreign companies, however, they must comply with various requirements before coming to this step. According to the Slovak Tax Code, a natural person must register for VAT here no matter if it does not have a residence permit or place to stay. In other words, foreign citizens must register with the Slovak tax offices even if they sell goods or services from abroad to Slovak nationals. The registration must be completed prior to the sale of goods or services.

An important thing to consider with respect to foreign citizens selling goods and services from a distance is that they are not subject to the mandatory VAT registration threshold in Slovakia in 2024; in other words, they need to register with the local authorities no matter the value of the goods they sell or services they provide.

The tax authorities in Slovakia will register the foreign citizens as taxpayers, will issue them tax registration certificates and assign them tax identification numbers. The advantage of registering for taxation and VAT in Slovakia is that these foreign citizens will be able to file tax and VAT returns and obtain refunds on the taxes paid in accordance with the legislation of this country. Another useful information is that these persons will be able to access various facilities in accordance with Slovakia’s double tax treaties, provided that they are citizens of countries that have such agreements.

Our lawyers in Slovakia have a vast knowledge in respect of the tax legislation and can advise foreign citizens and companies on such matters. It is possible to appoint a representative to help you register for VAT in Slovakia if you are foreign citizen and one of our lawyers can act as such on your behalf. All we need is a power of attorney to represent you in the relation with the tax authorities. 

Do not hesitate to get in touch with our immigration lawyers in Slovkia for support in relocation.

VAT invoicing requirements in Slovakia

In order to keep track of VAT payments, all taxpayers registered for VAT in Slovakia have the obligation of issuing invoices which contain specific information. The following invoicing requirements must be respected by Slovak companies and sole traders or other business forms:

  • the invoice must be issued within maximum 15 days from the supply of goods or services;
  • the name and other information of the issuant of the invoice;
  • the address, place of business and tax identification number of the company;
  • the invoice number and the date the goods or services were supplied;
  • the quantity and type of goods supplied;
  • the taxable amount which must include the price per unit without the VAT, the VAT, the price per unit with the VAT;
  • the tax exemption or reduction, where applicable.

It is useful to note that the invoice can be issued in paper or electronic formats. Our law firm in Slovakia can offer updated information on the tax legislation applicable in this country.

The reverse-charge mechanism on VAT in Slovakia

The supply of certain goods and services can be subject to the reverse-charge mechanism. This is possible between two local taxpayers and the supply of the following goods and services can be subject to the VAT reverse-charge mechanism:

  • real estate;
  • agricultural products;
  • metals;
  • mobile phones;
  • buildings and other constructions;
  • installations.

For the supply of such goods and services, the supplier will not apply the VAT so that the recipient can file for the reverse-charge.

Our Slovak lawyers can offer more information on the requirements applicable under the reverse-charge mechanism for VAT and can assist you in the process of VAT registration in Slovakia in 2024. We can also provide information on immigration to Slovakia.

VAT filing requirements

In Slovakia, VAT registration comes with has certain benefits for companies. One of the most important advantages is that VAT-registered companies can obtain refunds on the amounts of money paid. In order to do that, they must respect the VAT filings calendar.

Slovak VAT payers have the following filing obligations:

  • VAT reporting can be submitted every month or every 3 months;
  • based on the reporting period, companies must pay the VAT within 15 days after filing the reports;
  • corrections to VAT reporting documents can be filed within 30 days after noticing them;
  • foreign companies applying for VAT returns in Slovakia can file their requests no later than the 30th of September of the calendar year.

Those who want to register for Slovak VAT in 2024 can rely on us for various services, including those related to the legislation related to filing tax returns. 

In 2024, those who want to obtain VAT numbers in Slovakia can complete the procedure upon company and tax registration. However, this is applicable to those interested in the voluntary procedure. They will benefit from various advantages, among which the possibility of of applying for VAT refunds.

We also invite you to watch a video:

De-registration for VAT in Slovakia

It is possible for a Slovak company to de-register from VAT provided that certain requirements are fulfilled. Among these, a taxpayer has the right to ask for de-registration if within a year from becoming a VAT payer the company or person has not reached the mandatory threshold of 47,790 euros within 12 months. A company will be automatically de-registered from VAT if it has ceased its activity and was liquidated. It is also possible for the tax authorities to de-register a business if it has failed to comply with the filing requirements repeatedly over a calendar year, if it has not been available at its registered seat on several occasions, or if did not comply with the tax audit requirements.

VAT and income tax changes in 2024

Both the Income Tax Act and the VAT Act of Slovakia will undergo substantial modifications as of this year. With the justification that the existing 20% VAT rate is lower than the EU average, Slovakia is recommending raising the normal VAT rate from 20% to 22%. The most recent modifications to Slovakia’s VAT Act are not yet official, but they are anticipated to go into effect in 2024, with the exception of the rules applicable to small businesses, which are scheduled to start in 2025. Regarding income tax, the modifications are applicable for 2024 and for filing taxes for 2023. The newly elected Parliament must still approve the VAT rise before it can go into force towards the end of 2024.

Persons who are interested in receiving more details on Slovakia’s VAT registration procedure can contact our Slovak law firm for legal assistance on this matter. 

You can also rely on for support in immigration to Slovakia.