In relation to the above-mentioned EU Directive No. 2018/1910 of 4 December 2018 amending Directive 2006/112/EC, the MSFR has issued preliminary information on a proposed act to amend and supplement Act No. 222/2004 Coll. on value-added tax as amended (the VAT Act).
In so doing, the Slovak Republic will fulfil its obligation to adopt and publish a law required for compliance with the VAT Act and the Directive specified above.
The proposed law will modify the existing law, as well as creating new rules regarding cross-border supplies of goods between businesses within the EU. This specifically concerns:
- facilitating cross-border trading of goods within the scope of call-off stock arrangements,
- determining the place of delivery of the goods with transport carried out by an intermediary entity or on its behalf in so-called chain transactions within the EU,
- adding that a VAT identification number allocated to a purchaser of goods by another member state, such as the member state of departure of the goods, shall constitute a substantive condition for the tax exemption of the supply of goods to another member state.
At the same time, a uniform regulation is to be introduced in the EU as of 1 January 2020, concerning proof of the carriage of goods to another EU member state for the purposes of tax exemption, which will result in a change to the provisions of Section 43 (5) of the VAT Act.
The comment procedure is expected to begin in the first half of 2019.