The Slovak Government has recently indicated that as of 1 January 2022, any company, foreign or established, identified for VAT purposes on the territory of Slovakia is obliged to declare to the Slovak Tax Administration a list of all bank accounts used in the course of their economic activities.
Companies are also obliged to notify the Tax Authority without delay of any changes (opening of a new bank account / closing of a bank account) under penalty of fines.
This transmission of information will enable the tax authorities to publish a list of bank accounts declared by each taxpayer.
This information will be an essential tool for all companies wishing to ensure the validity of the bank account provided by the supplier/service provider.
If the customer makes a full payment for a transaction subject to VAT in Slovakia to an account that is not registered with the competent authorities, the latter may be jointly and severally liable for the payment of VAT if the supplier fails to pay.
For more information, please contact us.
Source : www.financnasprava.sk (en anglais)
