AmCham Slovakia


VAT: the main weapon against fraud

Prepared by AmCham member: DLA PIPER

As of October 1, 2012, the amendment to the VAT Act (hereinafter referred to as the “VAT Act Amendment”) introduced new measures for the elimination of tax evasion and other fraudulent activities. At the same time, as of January 1, 2013, the VAT Act implemented EU directives which, inter alia, provide new invoicing rules to ensure the equal treatment of both physical and electronic invoices.