Slovakia Gazettes Law Transposing EU Directives on VAT Act

The Slovak Official Gazette Dec. 30 published Law No. 516/2022, transposing EU directives to the VAT Act. The law includes measures: 1) increasing the VAT registration threshold to 49,790 euros (US$53,182); 2) setting procedures and requirements for VAT registration exemptions and cancellations; 3) exempting VAT on goods and services purchased or imported by the EU, if made available free of charge to combat the coronavirus pandemic; 4) amending the VAT deduction obligation rules for the non-payment of VAT; 5) amending the VAT refund rules; and 6) amending the recordkeeping obligations for payment service providers on cross-border payments. The law enters ...