Entrepreneurs’ Telegram September 2025

Newsletter – 10.09.2025

Dear Ladies and Gentlemen,

The following tax changes and deadlines may be important for your business during this period:

Binding Rulings – as of September 1^st, 2025, also covering the Financial Transaction Tax
Foreign VAT Refund 2024 – deadline by September 30^th, 2025
Reverse Charge on Import of Goods – from January 1^st, 2026, also applicable to foreign companies
Mandatory Electronic Invoicing and Data Reporting
EU recommends the VSME standard for ESG reporting

Binding Rulings – as of September 1^st, 2025, also covering the Financial Transaction Tax

A binding ruling issued by the Slovak Financial Directorate enables entrepreneurs to verify the correctness of their procedure prior to executing a transaction or service. Official confirmation increases legal certainty and helps avoid disputes with tax authorities. The range of areas for which rulings can be issued has been expanded:

VAT rulings can be obtained for main transaction types, including verification of correct VAT rates on goods and services. For corporate income tax, rulings can be requested for the assessment of deductible expenses.
New area – for the first time, binding rulings can also be requested regarding the Financial Transaction Tax.

Foreign VAT Refund 2024 – deadline by September 30^th, 2025

Applies only to foreign VAT on invoices within EU countries.
Applications must be submitted electronically by September 30^th, 2025, at the latest.
Claim period: for three consecutive calendar months; maximum for the entire calendar year 2024.
Minimum VAT amounts: EUR 400 for a three-month claim; EUR 50 for a claim covering the entire calendar period.
NOTE: The deadline cannot be extended.

Reverse Charge on Import of Goods – from January 1^st, 2026, also applicable to foreign companies

The new reverse charge VAT mechanism on imports from third countries applies to domestic VAT payers with the status of Authorized Economic Operator (AEO).

VAT will no longer be assessed by customs authorities – the obligation to declare VAT lies directly with the importer in their VAT return.
No need to provide a VAT guarantee during customs procedures under the reverse charge.
The regime applies to domestic VAT payers with AEO status.
From January 1^st, 2026, the reverse charge will also be available to foreign VAT payers, if they meet the specified conditions.

Mandatory Electronic Invoicing and Data Reporting

Slovakia plans to introduce mandatory structured electronic invoicing. The data will be automatically transmitted to the tax administration.

From January 1^st, 2027 – mandatory issuance and receipt of e-invoices for VAT payers established in Slovakia in domestic B2B and B2G transactions.
From July 1^st, 2030 – mandatory e-invoicing and data reporting for all taxable persons, including cross-border transactions.
From 2030, the obligation to file control statements and recapitulative statements will be eliminated.

Only invoices in the legally defined electronic format enabling automatic processing will be considered valid e-invoices.

EU recommends using the VSME standard for sustainability reporting

On July 30^th, 2025, the European Commission adopted a recommendation concerning the voluntary sustainability reporting standard for small and medium-sized enterprises (VSME). This standard was developed by EFRAG with the aim of simplifying ESG reporting and reducing administrative burdens for companies. The European Commission recommends that Member States and market participants support the use of the VSME standard to facilitate the comprehensibility and comparability of information provided by businesses across the EU.

We are preparing for you:

We are preparing a special edition of our newsletter on the new consolidation package proposals – COMING SOON

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