Slovakia MOF Seeks Comments on Draft Bill to Introduce Mandatory VAT Invoicing, Reporting

The Slovak Ministry of Finance Dec. 18 opened a consultation on a draft bill to transpose Article 0 of EU Council Directive, amending Directive 2006/112/EC, regarding VAT rules, into the Act No. 222/2004 Coll. on Value Added Tax, as amended (VAT Act), to introduce mandatory electronic VAT invoicing and reporting. Effective Jan. 1, 2027, the amendments to the VAT Act will introduce: 1) an obligation for taxpayers to prepare and receive invoices in the established electronic format; and 2) the obligation to report data from issued and received electronic invoices for domestic transactions. Comments are due Jan. 31, 2025. [Slovakia, ...