The President signs DAC8 bill, streamlines excise registration, standardises CNG/LNG tax, adjusts product tax rates, and cuts VAT on select goods.
The Slovak Republic’s President has signed a bill amending the Act on Automatic Exchange of Information on Financial Accounts for Tax Administration on 26 June 2025 to implement EU Directive 2023/2226 (DAC8).
This follows after the Slovak Parliament approved the draft bill to implement DAC8 on 10 June 2025, introducing new reporting and due diligence rules for crypto-asset service providers.
DAC8 is a new EU directive that broadens tax reporting requirements to cover crypto-assets and digital currencies. Its goal is to enhance transparency and strengthen efforts to combat tax fraud across member states. DAC8 is based on the OECD’s Crypto-Asset Reporting Framework (CARF) and the updated Common Reporting Standard (CRS) for automatic exchange of financial account information.
The new obligations take effect from 1 January 2026, with initial reporting on transactions via crypto-asset service providers due in January 2027. However, some provisions will not be applicable until 1 January 2028.
The President signed a bill amending excise duty law to simplify registration, standardise CNG and LNG tax treatment, and adjust product tax rates. It also amends VAT law, lowering rates for certain goods.
Both bills, signed on 26 June 2025, must be published in the Collection of Laws to become law.
