Slovakia has introduced a draft amendment to the Value Added Tax Act which lowers the threshold for issuing simplified invoices.

The draft amendment proposes that simplified invoices can now be issued for supplies of goods and services that do not exceed 1000 Euros, excluding VAT.

Simplified invoices in Slovakia, like many other countries, typically incorporate fewer details than a ‘standard’ tax invoice and are usually subject to less stringent requirements.

The draft amendment is subject to Parliamentary approval and is currently forecast to be effective, if approved, from 1 July 2024.