Slovakia Proposes Mandatory B2B E-Invoicing by 2027
Slovakia has initiated a public consultation for mandatory e-invoicing across the country. The proposed system includes real-time reporting.
The Slovak Government has initiated a public consultation for implementing mandatory B2B e-invoicing across the country, marking a significant step in the fight against tax evasion. The proposed system will require VAT taxpayers to adopt e-invoicing for domestic transactions starting January 1, 2027.
B2B E-invoicing Proposal in Slovakia
- Mandatory E-Invoicing: Taxpayers must issue and receive invoices in a prescribed electronic format, aligned with the European standard for electronic invoicing. These invoices must enable automatic processing, ensuring uniformity and reducing errors.
- Real-Time Reporting: Invoice data from issued and received e-invoices will need to be reported to the Slovak financial administration in real time, streamlining tax compliance and enhancing transparency.
- Alignment with EU Directives: The proposal is designed to comply with the VAT in the Digital Age (VIDA) initiative and Directive 2014/55/EU, setting a foundation for seamless cross-border transaction reporting within the EU by 2030.
Why Implementing E-Invoicing?
By digitalizing invoicing processes, the government aims to reduce tax fraud, improve tax collection efficiency, and minimize the VAT gap. Additionally, e-invoicing can be beneficial for businesses as it allows to simplify business processes, reduce manual intervention, and enhance the quality and reliability of transactions.
Public Participation and Implementation Timeline
The public is encouraged to provide feedback on the proposal by January 31, 2025. The government’s plan includes:
- January 1, 2026: Introducing changes in tax registration, with the abolition of the registration threshold, and de-registration, to curb fraudulent activities.
- January 1, 2027: Enforcing mandatory e-invoicing and real-time reporting for domestic transactions.
- July 1, 2030: Expanding the system to include cross-border transactions as per EU requirements.
This initiative underscores Slovakia’s commitment to leveraging digital tools to modernize tax administration and strengthen its economy. Businesses and other stakeholders are urged to participate in the consultation process to shape a more effective and inclusive implementation.
How Can Marosa Help You?
Marosa is actively monitoring international developments in e-invoicing requirements and offers expert consultation to help businesses prepare for and adapt to upcoming regulatory changes.