Parliament approved electronic invoices from 2027

Parliament passed an amendment to the VAT Act requiring VAT payers to issue electronic invoices from January 2027. The tax authority FS will have real‑time access to these invoices and will be able to combat tax evasion more effectively. The VAT control statement will be abolished on July 1, 2030. For certain transactions, FS will have the authority to order VAT payments to its bank account.

The amendment originally proposed increasing VAT for social enterprises to 19% from the current 5% and limiting their other benefits, but the coalition withdrew these changes and plans to push them through later.

(stvr.sk)