Slovakia Parliament Considers Bill to Amend VAT Act

The Slovak Parliament (Narodna Rada) March 27 accepted for consideration Bill No. 1260, to amend the VAT Act to combat VAT fraud. The bill includes measures to: 1) expand the reverse charge mechanism to apply when a provider of specified information technology (IT), advertising, or management consultant services, has a tax identification number, supplies the services, and the invoice specifies that tax liability is being transferred; 2) apply from the entry into force of the implementing decision of the Council of the European Union authorizing Slovakia to apply a special measure derogating from a specified article of EU Directive 2006/112/EC ...