SME Scheme – General features
Exemption
It is possible to opt for the SME scheme in Slovakia.
Transactions excluded from the SME scheme
The following transactions are excluded from the SME scheme:
- Occasional transactions, like the supply before first occupation of a building or parts of a building or the supply of building land,
- Exempt cross-border supplies of new means of transport made from one Member State to another.
National annual threshold
The information on the national annual threshold is available on TEDB.
Domestic SME scheme
Simplified VAT obligations
A small enterprise established in Slovakia who applies the SME scheme in Slovakia only (domestic SME scheme) is released from the following VAT obligations:
- to VAT register
- to submit periodical VAT returns
- to issue invoices
- to keep accounts
- to submit administrative statements
Cross-border SME scheme
The cross-border SME scheme applies in the following situations:
The small enterprise applies the SME scheme both in the Member State of establishment and in other Member State(s).
Simplified VAT obligations
The VAT registration in each Member State where the small enterprise applies the SME scheme is replaced by a single prior notification to be submitted in the Member State of establishment.
VAT returns which are submitted in each Member State where is the place of supply of goods or a service as well as “reverse charge“ can not be applied is replaced by a single quarterly report which is submitted in the Member State of establishment for all Member States.
Currency - The values of supplies of goods and services to indicate in the prior notification, in the update to a prior notification and in the quarterly reports must be in EUR.
Way of submission - The prior notification, the update to a prior notification and the quarterly reports should be submitted only by electronic means via website of the The Financial Directorate of the Slovak Republic (www.financnasprava.sk) through an electronic filing room which has its own electronic address and a taxable person has access to the electronic filing room via personal internet zone.
Additional simplified VAT obligations
Exempt small enterprises applying the cross-border SME scheme are released from the following VAT obligations:
- to issue invoices for B2C supplies
- to keep accounts
- to submit administrative statements
Loss of simplified VAT obligations
Non-compliant small enterprises may be required:
- to VAT register
- to submit periodical VAT returns
Transitional period
‘Slovakia applies a transitional period in case the national annual threshold is exceeded during the current calendar year.
The transitional period applicable can be found in TEDB database (link).
Practical examples of the application of the transitional period and its consequences are available in the Explanatory Notes.’
Quarantine
Quarantine period in case of exclusion from the SME scheme
Small enterprises excluded from the SME scheme in Slovakia are not able to benefit from that exemption during a quarantine period.
You can consult the quarantine period applicable in Slovakia on TEDB database.
Practical examples on the application of the quarantine period and its consequences are available in the Explanatory Notes.
Quarantine period in case of voluntary departure from the SME scheme
No quarantine period imposed.
Appeals
Domestic SME scheme
Appeals should be addressed to your Member State of establishment (MSEST).
Cross-border SME scheme
Member State of establishment (MSEST)
The appeals is not admissible.
Member State of exemption (MSEXE)
Appeals related to the following topics should be addressed to MSEXE:
- Denial to access the cross-border SME scheme in MSEXE
- Exclusion for exceeding the national annual threshold/sectoral threshold in MSEXE