Slovakia MOF Seeks Comments on Draft Bill to Amend VAT Law

The Slovak Ministry of Finance July 6 opened a consultation on a draft bill to amend the VAT law to transpose EU Directive 2020/285, which amended EU Directive 2006/112/EC on the common system of value added tax as related to the special regime for small enterprises, and EU Regulation (EU) No 904/2010 regarding administrative cooperation and exchanges of information to monitor the special regime. The bill includes measures to: 1) exempt small businesses supplying goods and services under 50,000 euros (US$54,837) in the previous year, or over 50,000 if exempt goods and services, from VAT registration requirements in other EU ...