Slovakia sets a €50,000 calendar-year VAT registration threshold and opens the EU SME scheme from 1 January 2025

What changed in detail

Zákon č. 102/2024 Z. z., adopted on 24 April 2024 and published in the Zbierka zákonov on 17 May 2024, amends the Slovak VAT Act (222/2004 Z. z.) to transpose Council Directive (EU) 2020/285 on the special scheme for small enterprises. Its threshold rules apply from 1 January 2025.

The rewritten § 4(1) makes a taxable person established in Slovakia a VAT payer:

• (a) from the first day of the calendar year after a year in which its turnover, excluding VAT, exceeded €50,000; or
• (b) immediately, on the supply by which its turnover in the current calendar year exceeds €62,500.

Until 31 December 2024 the test was turnover of €49,790 over any 12 consecutive months.

The Act also introduces the cross-border SME exemption. A Slovak business whose total turnover in the EU does not exceed €100,000 in the current calendar year, and did not exceed it in the previous calendar year, may use the small-business exemption in other member states, subject to their national thresholds.

Separately, the Act adds § 70a(11) and (12). A domestic payment service provider must make its quarterly payment records available to the Financial Directorate when called on by the tax office if it filed them late, incompletely or incorrectly; failure is an administrative offence. That point took effect on publication, 17 May 2024.

What it means

The Act moved Slovakia from a rolling 12-month test to a calendar-year test with a ceiling. A business can now cross €50,000 during a year and stay unregistered until the following 1 January, unless it passes €62,500, which triggers registration on the spot. Monitoring has to track both figures.

These rules have applied since 1 January 2025 and are still in force. The later Slovak changes on record, such as the 2025 rate reform in Zákon č. 278/2024 (separate record) and the 2026 food reclassification, did not change the threshold.