The parliament is considering a bill which proposes raising its VAT registration threshold to EUR 83,000 from 1 July 2026, allowing smaller businesses to deregister and providing exemptions from penalties for those caught in the transition between the old EUR 50,000- EUR 62,500 limits and the new rules.
The Slovak Republic’s parliament is reviewing a draft legislation that would introduce significant changes to VAT registration requirements from 1 July 2026, including higher turnover thresholds aimed at easing the burden on small businesses.
The new legislation raises the mandatory VAT registration threshold to EUR 83,000 in annual turnover, up from the previous limits of EUR 50,000 and EUR 62,500 depending on business category. This change means many small enterprises operating near the old thresholds will no longer be required to register as VAT payers.
Businesses already registered for VAT under the old limits can apply for deregistration if they meet the new criteria. Those who became VAT payers after reaching the previous EUR 50,000 or EUR 62,500 thresholds may request cancellation of their VAT registration, provided their turnover remains below EUR 83,000 for the 12 consecutive months preceding their application.
The tax authority will promptly determine the deregistration date upon receiving such requests. Companies must return their VAT registration certificates within ten days of losing their VAT payer status. However, these businesses cannot claim VAT deductions in their final taxable period, except for deductions related to assets supplied as a VAT payer.
For businesses that submitted registration applications before 30 June 2026 under the old thresholds but do not meet the new EUR 83,000 limit, the tax office will not process these registrations. However, applicants can notify the tax authority by 15 July 2026 if they wish their application to be treated as a voluntary registration request.
The legislation also provides penalty protection: businesses that were obligated to register under the previous rules but failed to do so will not face fines, assuming they remain below the new EUR 83,000 threshold during the relevant 12-month period.
