Indirect tax ebook - Slovakia

Other local requirements

Taxable point rules

Chargeable events – supplies
 
VAT liability shall arise under the following circumstances:

• in the case of a supply of goods, when the goods are supplied (in practice usually the date of delivery). It is the date when the purchaser gets the right to handle the goods as an owner
• in the case of a supply of services, when they are supplied 
• delivery of a building based on a contract for work and services: VAT shall arise when the building is handed over
• delivery of goods or services partially or repeatedly: VAT shall arise at the latest as of the last day of a period to which the payment relates 
• if the payment is received prior to the delivery of goods or services: VAT shall arise at the time of receipt of payment.

If services are supplied by a foreign entity from another EU member state or from a third country and a VAT payer is the recipient of the services, the tax liability arises at the date when the services were delivered. 

VAT liability on acquisition of goods within the territory of Slovakia from another EU member states arises on:

• the 15th day of a calendar month following the calendar month, in which the acquisition of goods was effected
• the invoice issue date, if the invoice is drawn up before the 15th day, as stated above.

Chargeable events - imported goods

The chargeable event for the import of goods from third countries is generally the date of acceptance of the customs statement to release the goods into the respective regime or the date when the customs debt arises in a way other than the acceptance of the customs declaration. VAT is due according to the customs rules.

VAT recovery

The VAT payer may deduct tax on goods and services which he uses for supplies of goods and services as a VAT payer. However input VAT related to supplies of goods and services, that are exempt from VAT, cannot be recovered.

Partial VAT recovery shall apply in case the supplies are used for both taxable and VAT exempt supplies.

VAT on certain supplies such as entertainment costs, refreshments and representational costs can never be recovered, even though the inputs are used in making taxable supplies.   
 

• Introduction
• Scope
• Registration
• Tax rates
• Reporting & filing
• General tax application/Time of supply
• Other local requirements