• Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 9/20/2013

Slovakia - Proposed VAT changes include reverse-charge measures 

September 20: Draft legislative amendments to the Slovak value added tax (VAT) law, as presented to the Parliament in July 2013 by the Slovak Ministry of Finance, have been revised.

Assuming eventual enactment, the proposed effective date of the legislation is 1 January 2014.

Changes made during the legislative process include the following.

Extension of application of “domestic reverse-charge”

The draft proposes to extend the number of cases to which the reverse-charge mechanism would apply—in particular to types of agricultural crops, metals, cellular phones, and integrated circuits.

Concerning cellular phones and integrated circuits, the reverse- charge mechanism would apply if the invoiced taxable base exceeds €5,000.

Period for adjustment of VAT deducted from capital property

The period for the adjustment of deducted VAT would begin in the year in which the capital goods were put into use. Also, the adjustment period would be recalculated for each acquirer regardless of when the capital goods were first put into use.

Postponed effective date for reverse-charge mechanism on imports

The effective date of the reverse-charge mechanism provisions applicable to imports would be delayed (once again) to 1 January 2017 (instead of 1 January 2014).

For more information, contact a KPMG tax professional in Slovakia:

Zuzana Šídlová

+421 (0)259 98 41 11

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