SLOVAK REPUBLIC (DPH)
Slovak Republic being an EU member state falls under the EU VAT regime. Member states must adopt EU VAT Directives into their own legislation.
Standard VAT Rate: 20%
Reduced VAT Rate: 10%
Registration Threshold Distance Selling: 35,000 €
EU VAT number format: SK9999999999
Resident - EUR 49,790
Non resident - There is no registration threshold
IC Acquisitions - EUR 13,941.45
In general a foreign entity is obliged to register before:
it starts providing taxable supplies in Slovakia;
it makes long-distance sales in Slovakia to persons not registered for Slovak VAT purposes, and the total value of the supplied goods reaches EUR 35,000 in a calendar year (voluntary registration should be available, even if turnover is below this threshold); and
it makes long-distance supplies of goods to individuals for personal consumption, and these goods are subject to excise tax.
Detailed rules regulate reporting requirements of Slovak transactions for Value Added Tax purposes. These include: invoice requirements, timeliness for an invoice to be issued, invoice and credit notes corrections rules, foreign currency reporting requirements and exchange rate sources, correction of previously submitted returns and accounting records that must be maintained for VAT purposes.