In April 2019, a bill on guaranteed electronic invoicing and a central economic system (hereinafter referred to as ‘the Act’), which is a transposition of Directive 2014/55/EU of the European Parliament and of the Council, was submitted to Parliament.
The aim of the Act is to introduce the obligation to electronically receive and issue invoices and to create a new public administration information system. The Act defines the term ‘guaranteed electronic invoicing’ (in order to avoid confusion with the term ‘electronic invoice’ under the VAT Act) and the requirements of an electronic invoice. It further modifies the rules of the electronic invoicing process and defines the basic architecture of the solution, as well as the individual procedural steps. It will only be possible to complete guaranteed electronic invoicing through the electronic invoicing information system that will be established by the Ministry of Finance of the Slovak Republic.
Guaranteed electronic invoicing will compulsorily apply to public entities and public-sector entities, while any other entity will have the option to use it voluntarily.
In the future, the directive is expected to encourage the implementation of a uniform electronic invoice at an inter-company level within the private sector.
The Act is intended to be without prejudice to other related laws such as the e-Government Act or the Value Added Tax Act.
The proposed effective date of the Act is 1 August 2019.
