The Slovak Financial Administration is moving forward with the implementation of the eInvoicing reform. The principal shift from the mainly paper-based, PDF-organized B2B invoicing into a fully automated electronic exchange of invoices is a big step forward.
New requirements mandate the gradual transition to a full circle electronic exchange of invoices in accordance with the internationally accepted formats, and the usage of the uniform e-invoice format, shall eliminate the “co-existence” of currently used, different formats, such as paper, PDF, or other digital invoice versions.
The shift into a uniform format will reduce time allocation reserved for manual transcription of data into accounting software, reduce errors, and provide easier traceability.
Timeline
Mandatory B2B e-invoicing becomes effective from January 1, 2027.
eInvoice Impact
From January 1, 2027, all domestic VAT taxable persons are required to issue e-invoices for domestic business transactions. From the same date, all business entities that receive e-invoices from the VAT taxable persons are required to be able to electronically process e-invoices.
Digital Service Provider
Taxable persons in scope are obliged to use the services of a registered digital service provider. The Financial Administration(Slovak Tax Authority) has already issued a list of certified digital service providers that have met all mandatory requirements to be able to provide third-party services as e-invoicing service providers.
eInvoicing Route
Taxable persons that are in scope of the first phase of the eInvoicing reform have more options at the table when it comes to choosing the digital service provider. The solutions extend from updating already used accounting software, through acquiring services of a certified service provider, through using web or mobile-based solutions offered by the tax authority.