The Ministry of Finance of the Slovak Republic has prepared a bill to amend Act No. 222/2004 Coll. on Value Added Tax. The draft amendment is currently making its way through the interdepartmental comment procedure. The amendment proposes that its individual parts should enter into force on different dates (from March 2024 to January 2025).

The proposed changes that the amendment should bring about include:

• the threshold for obligatory VAT registration of a taxable person should be increased to a turnover of EUR 50,000 achieved in a given calendar year;  
• a change to the tax regime of financial leasing, as a result of the development of European legislation and the jurisprudence of the Court of Justice of the EU;
• in relation to a purchase of goods from another EU Member State, the possibility of a tax deduction also on the basis of a document other than an invoice;
• the place of provision of cultural, educational or entertainment services should be amended, if such services are provided to a non-taxable person online or in virtual form;
• the maximum value of a tax deduction on the basis of a document issued by a e-cash register (e-kasa klient) should be reduced (from the current amount of EUR 1,000 for cash payments, or EUR 1,600 for payments by a credit card) to EUR 400.