The Slovakian VAT Ledger Statement

As from the first of January 2014, Slovakia has introduced a new VAT related reporting requirement, referred to as the VAT ledger statement. According to the Ministry of Finance this statement will help the fight against tax fraud in Slovakia.

The statement includes details of supplies of goods and services liable to VAT in Slovakia, including debit and credit notes which need to be listed separately. Intra Community supplies of goods and services, import and export are excluded from the new statement but acquisition of goods and services are included. In summary the VAT ledger statement details the transactions for which the business is obliged to pay VAT as well as transactions in respect of which the business can reclaim VAT. The details to be reported are different per type of transaction and should match with the amounts included in the VAT return for the same reporting period.

The VAT ledger statement has to be submitted electronically with the VAT Return and has the same deadline (25th following month).

Along with the new requirement, Slovakia has also introduced penalties for not filing or not complying with the VAT ledger statement.

As with every new introduced VAT related compliance requirement, Pincvision has added the VAT ledger statement to its VAT compliance services provided for Slovakia. Please contact us if you require more information or need assistance with this new requirement.