VAT Number Format In Slovakia

All EU member states have a fixed format for their VAT numbers. In Slovakia, it includes 10 digits and the prefix SK (e.g., SK0123456789).

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VAT Rates In Slovakia

The standard VAT rate in the Slovak Republic is 20%, with a reduced rate of 10% on certain goods and services. Some services are exempt from Slovakian VAT, such as financial and postal services.

• 20% (Standard) – Applies to all taxable supplies, with certain exceptions
• 10% (Reduced) – Medical products, printed materials, and ‘basic goods’ (e.g., milk, butter, meat)
• 0% (Zero) – Intra-community and international passenger transport

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VAT Payments And Returns In Slovakia

Businesses with a Slovakian VAT number must submit periodic payments. VAT filings and payments are submitted either monthly or quarterly.

Any Slovak tax credits should be paid within 30 days, but it typically takes much longer or can be rolled over into the next return.

VAT Returns Frequency In Slovakia

For all companies that operate in Slovakia, VAT returns must be submitted monthly by the 17th of the month following the period end.

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Penalties in case of late filings or misdeclarations

In the case of the late filing of VAT returns and payments, the Slovakian government prescribed the penalties as follows:

• Late payment interest on outstanding tax liabilities, which is calculated as an annual percentage of the outstanding amount
• Fines, up to EUR 32,000 or calculated as a percentage of the underpaid tax. The penalties for noncompliance depend on the length of time elapsed since the tax return was filed. The percentage of the fine depends on the form of the additional tax assessment (i.e., whether the extra tax is levied during a tax audit or is the result of the filling of an additional tax return).

Invoices issued in Slovakia must contain the following data:

• Date of issuance
• A unique, sequential number
• The VAT number of the supplier and customer
• Full name and address of the supplier and customer
• Full description of the goods or services provided
• Details of quantities of goods, if applicable
• Date of the supply if different from the invoice date
• Unit price and any discount if the discount is not included in the unit price
• The net, the taxable value of the supply
• The VAT rate applied, and the amount of VAT (shown in CZK)
• Details to support zero VAT – export, reverse charge, or intra-community supply
• Reference to any special scheme (if applicable)
• The total gross value of the invoice

Penalties for non-compliance with invoicing and accounting obligations

In Slovakia, a lump-sum penalty from EUR 60 up to EUR 3,000 for non-compliance with non-monetary obligations shall be imposed.

Electronic invoicing is permitted but not mandatory at this moment.

Every cash register has to be connected to the Financial Administration systems of the Slovak Republic via the Internet from 1st of July 2019 – eKasa register.

Thanks to the eKasa, Slovakian Financial Authorities will know in real-time when you received cash and how much. They will even know the address and exact GPS coordinates if you use a portable cash register (smartphone, tablet, or similar).

All this information will serve the financial administration for one purpose – the fight against tax fraud.

Since the financial report will generate various analyzes from your treasury data, it will promptly identify various anomalies.

Who is obliged to use the eKasa system?

The use of the eKasa system is mandatory for all entrepreneurs who accept cash as a payment method for goods and services provided in the territory of Slovakia. This includes restaurants, coffee bars, markets, and individual entrepreneurs who provide ridesharing services like Bolt or Uber drivers.

Cash Invoice Requirements In Slovakia

The cash invoice made by eKasa client by the cash register must contain:

• eKasa client cash register code
• Tax ID (Tax ID)
• Identification number (organization identification number), if assigned to the entrepreneur
• VAT ID, if the entrepreneur is in the VAT system
• Entrepreneur’s verification code
• The date and time of drawing up the treasury document
• The serial number of the treasury document
• Unique cashier document identifier
• Readable QR code
• The designation of the goods or designation of the service, the quantity of the goods or the scope of the service, and the attribution of the VAT rate, except where the VAT payer applies a special arrangement for the application of VAT
• The price of the goods or the price of the service
• The business name registered office or place of business of the entrepreneur and the sales place if different from the registered office or
• Place of business
• The VAT base, if the trader is a VAT payer broken down by rate unless the VAT payer applies a special VAT treatment arrangement
• VAT rate or VAT exemption figure if the trader is a VAT payer broken down by rate unless the VAT payer applies a special VAT treatment arrangement
• The total amount of VAT if the trader is a VAT payer broken down by rate, except where the VAT payer applies a special arrangement for the application of VAT
• Price rounding
• The total price

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Date updated [May 12, 2021]

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