Registration of VAT payers in Slovakia

From 1 January 2025, new rules for VAT payer registration will come into force in Slovakia, providing for two registration thresholds:

• €50,000: If a company's annual turnover exceeds this threshold for a calendar year, VAT registration becomes mandatory from 1 January of the following year.
• 62,500 EUR: If this limit is exceeded, registration becomes mandatory immediately during the current calendar year.

The changes are aimed at simplifying tax administration for small and medium-sized enterprises. The threshold is now calculated for the calendar year, rather than the previous 12 months. In addition, the thresholds include not only transactions subject to VAT, but also some non-taxable ones, such as transactions with real estate or financial services. A transition period is also being introduced for small enterprises whose turnover slightly exceeds the lower limit (up to 55,000 euros), allowing them to not register until the end of the year.