Taxable transactions:
VAT is imposed on the sales of goods and the provision of services.
 VAT registration:
In accordance with Act No. 222/2004 Coll. on value added tax as later amendments.
 If a business established in Slovakia makes taxable supplies in Slovakia over the VAT registration threshold of EUR 49,790, it will be required to register and account for Slovak VAT. If the trade is below the registration threshold, the person can still choose to register for VAT on a voluntary basis.
 Period of VAT returns submission:
VAT payers are required to submit VAT returns on a monthly basis. Taxpayers whose previous year’s annual turnover did not exceed EUR 100 000, may submit VAT returns on a quarterly basis.
 VAT rate:
The standard VAT rate in the Slovak Republic is 20% since Jan 2011. There is a reduced rates of 10% on certain goods and services. A number of services are exempt from Slovakian VAT, such as financial and postal services.