Slovakia and e-invoicing via clearance model
Slovakia has published legal proposals to introduce an invoice clearance model for B2B. The draft law envisions the government's pre-approval of sales invoices via uploading these invoices to a tax portal for registration. Only when that upload is successful and approved is the vendor permitted to issue the customer a VAT invoice. The customer has to report their purchase invoices for reconciliation purposes. To submit invoice data, taxpayers have to use certified accounting software to link invoice detail submission directly. Small businesses may use a free invoice registration portal provided by the tax authorities. Slovakia is following the Italian model of Italy SdI.
The expected date for go-live is not yet known.