Slovakia - B2B e-invoicing consultation announced by the Ministry of Finance

The Ministry of Finance of the Slovak Republic has launched a public consultation on the B2B e-invoicing implementation process. The main aim of the proposal is to fight against tax fraud and evasion, support revenue collection and reduce the administrative burden on entrepreneurs.

The new regulations will oblige businesses to issue e-invoices within a specific period of time, for any transactions outside of the scope of the B2C cash register system called e-Kasa. Furthermore certain invoice data would have to be reported to the government system before delivery to the customer, who will match corresponding purchase invoice with reported sales invoice. To fulfill the above, taxpayers may use either their own accounting software or a dedicated web application.

The tax administration is expecting to receive real-time invoice data, which will be subject to risk analysis and help to detect tax fraud at an early stage, not only in the field of VAT but also in the areas of income tax, as well as other types of taxes.

There’s more you should know about e-invoicing in Slovakia – visit our dedicated website and stay up to date with the new and upcoming regulations.

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Začíname konzultačný proces k e-faktúre | Ministerstvo financií Slovenskej republiky (mfsr.sk)