Slovakia: Proposed changes to VAT law

Proposed amendment generally would be effective 1 January 2023

Proposed amendment generally would be effective 1 January 2023

The Slovak Ministry of Finance proposed an amendment to the value added tax (VAT) law that generally would be effective 1 January 2023.

The amendment would provide for:

  • An obligation of the VAT payers to correct input VAT deducted from the goods and services purchased in Slovakia provided the payments are (partially) overdue for more than 90 days
  • A change in limitation of input VAT deduction—input VAT deduction would not be allowed from the expenditures that do not unequivocally belong to business expenditures (e.g., for business entertainment purposes)
  • A cancellation of the VAT registration obligation (and introduction of the VAT deregistration possibility) of established entities provided they exceeded the registration turnover solely from specific VAT-exempt supplies (insurance and financial services and supply and rent of immovable property)

The proposed amendment to the VAT law would also impose a new reporting obligation of providers of payment services effective 1 January 2024.

Read a June 2022 report prepared by the KPMG member firm in Slovakia


The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.