VAT registration changes and Special Scheme for Small Enterprises implemented in Slovakia

The currently applied threshold of turnover EUR49,790 within any 12-month period will be replaced by two new thresholds from 2025:

• EUR50,000 within a calendar year, with a compulsory VAT registration from 1 January of the subsequent calendar year,
• EUR62,500 within a calendar year, with a compulsory VAT registration from the date of the supply pursuant to which the threshold is exceeded.

The VAT registration shall be filed within 5 working days from when the threshold is exceeded. Non-established VAT payers will be required to file for a VAT registration within 5 working days from the day they become VAT payers in Slovakia.

Non-established entities will benefit from the special scheme for small enterprises, therefore see their supplies not subject to VAT, in Slovakia where:

• Their turnover in Slovakia in the current calendar year does not exceed EUR62,500;
• their turnover in Slovakia in the previous calendar year does not exceed EUR50,000;
• their turnover within the EU in the current calendar year does not exceed EUR100,000 and
• they benefit from the special scheme for small enterprises in their country of establishment.

Key Takeaway

VAT registration threshold will be increased from 2025 and compliance obligations for non-established businesses will be aligned with those applicable to locally established ones. Businesses trading in Slovakia must therefore monitor their activity to make sure that they remain compliant.

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