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MarosaVAT EU VAT Services


principal / Slovakia

  • Interest on late VAT refunds in Slovakia

    Following the ECJ decision announced last April,  the Slovakian government introduced changes to its VAT law to allow the possibility of receiving interest on VAT refunds when these are repaid after a given period. Where the tax authorities transfer the VAT amount after six months from the moment the repayable VAT return is submitted, the authorities must add daily interest to the repayment. The applicable interest rate will be twice the interest rate published by the European Central Bank and not...
    • By Marosa EU VAT
    • Publicado 30/10/2016 18:42
  • Interest on VAT refunds in Slovakia

    The ECJ has prohibited the provisions of Slovakian tax law that disallowed any interest on VAT refunds to be repaid by the authorities after 10 days following the end of an audit. Although EU law requires interest to be paid on late refunds repaid by the tax authorities, in practice, not all Member States add interest to their late repayments. For example, Spain is one of the countries that usually pay interest on VAT refunds, whereas Italy does not normally...
    • By Marosa EU VAT
    • Publicado 27/04/2016 2:54
  • Slovakia approves new VAT law

    Slovakia introduced several VAT changes to their VAT act. As announced in our last newsletter, the domestic reverse charge was introduced on all supplies of goods made by foreign non established suppliers.  In addition to the reverse charge changes, the following amendments have been made to the Slovakian VAT law: Domestic reverse charge extended to construction services (irrespective of the supplier´s establishment). VAT rate on certain foodstuff is reduced to 10% In some cases, it is allowed to recover VAT...
    • By Marosa EU VAT
    • Publicado 26/02/2016 9:47