Slovakia: “Excessive” VAT deduction rules

Slovakia: “Excessive” VAT deduction rules

New provisions in Slovakia concerning the value added tax (VAT) rules were effective beginning in 2016. Among the changes are measures concerning:

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  • Mitigation of the conditions for an accelerated refund relating to an “excessive” VAT deduction
  • Remittance of the “excessive” VAT deduction to a taxpayer that ceases to be a VAT payer
  • Reduction in the period after which the right for “excessive” VAT deduction expires

 

Read a 2016 report prepared by the KPMG member firm in Slovakia

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