VAT OBLIGATIONS IN SLOVAKIA
How is the tax period determined in Slovakia?
Your company has to report its VAT position by filing periodical VAT returns [Form DPH] on a monthly basis. Quarterly reporting can be opted for under specific conditions.
When should periodical VAT return be filed?
Periodical VAT return must be submitted by electronic means [since 1/1/2014] before the 25th day of the month [25 of N+1] following the tax period to which it relates.
The tax period shall be set by each Member State at one month, two months or three months. Member States may, however, set different tax periods provided those ones do not exceed one year. The VAT return shall be submitted by a deadline to be determined by Member States. That deadline may not be more than two months after the end of each tax period.
Is this requirement laid down in the country and what is the filing deadline?
Your company is not required to file any summarizing annual VAT return in Slovakia.
Member State may require taxable persons to submit a return in respect to all transactions carried out in the preceding year. That return shall provide all the information necessary for any adjustments.
Are quarterly filings allowed by the country and what is the filing deadline?
The recapitulative statement must be drawn up for each calendar month. It is also possible to submit recapitulative statement for a calendar quarter provided that the value of intra-EU supply of goods does not exceed € 50.000 in both respective calendar quarter and in the preceding four calendar quarters. The deadline, as from 01/01/2014, has changed from 20th to 25th of the month following the reporting period.
The recapitulative statement shall be drawn up for each calendar month. However, Member States, in accordance with the conditions and limits which they may lay down, may allow taxable persons to submit the recapitulative statement on each calendar quarter where the total quarterly amount of intra-EU supplies of goods does not exceed either in respect of the quarter concerned or of any of the previous four quarters the sum of € 50.000 or its equivalent in national currency. The recapitulative statement shall be submitted within a period not exceeding one month.
What is the payment deadline?
The VAT due should be paid by filing deadline for the VAT return - no later than the 25th day of the month after the end of the tax period [month/quarter] to which it relates.
Are interim payments required?
Interim payments are not required.
Any taxable person liable for the payment of the VAT must pay the net amount of the VAT when submitting the VAT return. Member States may, however, set a different date for payment of that amount. Member States may require interim payment to be made.
Is any VAT credit automatically carried forward or refunded?
A VAT credit is in principle automatically carried forward to the next period, unless a tax refund has been applied for. VAT credit is in principle effectively reimbursed by Slovak VAT authorities within 30 days of the expiration of the time limit for filing the tax return.
Where, for a given tax period, the amount of deductions exceeds the amount of VAT due, the Member States may, in accordance with conditions which they shall determine, either make a refund or carry the excess forward to the following period. However, Member States may refuse to refund or carry forward if the amount of excess is insignificant.