E-Invoicing
E-invoicing is voluntary
Digital Reporting
No
Currently, e-invoicing and digital reporting are not mandatory in Slovakia but are permitted. Although, the Ministry of Finance is working on the introduction of Slovakian e-invoicing system. It is likely that e-invoicing for B2G transactions is expected to become mandatory from April 2023 and there are proposals in relation to the extension of the obligations to B2B transactions too, but to date, the proposed draft law is yet to be approved.
In the first half of 2019, a new requirement was introduced in Slovakia, which mandates all cash registers to have a direct online connection to Slovak Financial Directorate through a system called "eKasa". Through this system, all transaction data is transmitted automatically to the Tax Authorities. Additionally, the use of electronic cash registers abolishes the need to print bills if the customer agrees to receive the bill via email.
All invoices between business entities (B) and state administration bodies (G) should be submitted through the E-invoice system expectedly from April 2023. In the current project setup, only B2G and G2G invoices are handled exclusively.
A penalty between EUR 30 and EUR 3,000 might be imposed on taxpayers, who fail to comply with any of the obligations of non-monetary nature.
SAF-T is not introduced in the Slovak Republic.
One way to comply with Digital Reporting Requirements in Slovakia is to use a provider like Fonoa.
With Fonoa you can:
Fonoa does not provide professional tax opinions or tax management advice specific to the facts and circumstances of your business and that your use of the Specification, Site, and In addition, due to rapidly changing tax rates and regulations that require interpretation by your qualified tax professionals, you bear full responsibility to determine the applicability of the output generated by the Specification and Services and to confirm its accuracy. No professional tax opinion and advice. Fonoa does not provide professional tax opinions or tax management advice specific to the facts and circumstances of your business and that your use of the Specification, Site, and In addition, due to rapidly changing tax rates and regulations that require interpretation by your qualified tax professionals, you bear full responsibility to determine the applicability of the output generated by the Specification and Services and to confirm its accuracy.