Slovakia has announced plans to introduce mandatory e-invoicing and reporting of invoice data as part of a wider effort to improve tax compliance and reduce tax evasion. The proposed changes to the Value Added Tax Act are in line with the EU’s initiative to digitize financial processes and improve tax efficiency across member states.
Key Points of the Proposal
Mandatory e-invoicing will start in January 2027, requiring all businesses in Slovakia to issue and receive invoices in a structured electronic format, initially for domestic transactions. The structured electronic format for invoices will comply with the European standard for e-invoicing set out in Directive 2014/55/EU.
The reporting of data from issued and received electronic invoices for domestic transactions will be required. This aligns with the EU’s VIDA directive, mandating intra-community e-invoicing and reporting starting July 2030.
Current State and Public Consultation
Currently, Slovakia mandates e-invoicing only for certain business-to-government (B2G) transactions exceeding €5,000 via the government’s IS EFA interface. The proposed changes will extend e-invoicing requirements to all domestic business transactions, marking a significant expansion of the current framework. To refine the proposed regulations, Slovak authorities have launched a public consultation process, inviting businesses and stakeholders to submit comments and suggestions.
Timeline and Implementation
The consultation will remain open until January 31, 2025, providing an opportunity for businesses to influence the regulation’s final structure and implementation. The draft law will enter the review process in Q2 2025.
Mandatory e-invoicing for domestic transactions will take effect on January 1, 2027.
The EU-wide intra-community reporting requirement will become effective on July 1, 2030.
Next Steps for Businesses
Businesses should assess the proposed changes, submit feedback by January 2025, and update their systems to ensure compliance with e-invoicing standards. The upcoming changes signal a significant shift in Slovakia’s approach to tax compliance, highlighting the importance of digital solutions in modern tax administration.
