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We are flexible and able to offer you a tailored model of VAT compliance services in which
We will work alongside you as tax specialists to identify, assess and prioritise your needs as regards VAT compliance activities.
Automated VAT Compliance Solution ensures all steps in the VAT compliance process are completed and saves your time for other important work.
Why our Automated VAT Compliance Solution?
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We use technology-enabled solutions that use historical data, aggregation and enrichment of your VAT related data via the use of Extract, Transform and Load, and Data Analytics tools to optimise your VAT compliance.
Taking into account your current staff and technical resources, you may need to cover full scope or only selected VAT compliance processes. We will work alongside you as tax specialists to identify, assess and prioritise your needs as regards VAT compliance activities.
The ratio of manual and automated processing as regards your inputs usually depends on the number of transactions subject to monthly VAT compliance.
We transform input data into:
VAT dashboard combined with the use of Extract, Transform and Load, and Data Analytics tools and your historical data to optimise your VAT compliance.
Features and advantages
Depending on your company’s activities, transactions and turnover, it may be required to file VAT reports. Detailed VAT records should be kept including information essential for correct calculation of VAT.
All communication by VAT payers with the tax authorities is undertaken electronically, using electronic signature.
To file Intra-EU declarations, separate registration with the Slovak Statistical Office is required.
All VAT payers are required to notify the Tax Office of all the bank accounts they use for business purposes (activities subject to VAT in Slovakia), regardless of whether the account is held in Slovakia or abroad (including cash-pool bank accounts).
Submission of notification of bank accounts used in respect of transactions subject to Slovak VAT to the Slovak tax office
The tax office is entitled to demand from a company payment of VAT which was not paid by its supplier to the state budget if the company has paid the invoiced amount to a supplier’s bank account that is not listed in the register of bank accounts on the Financial Administration’s portal.
One-time or repeated check of bank accounts, allowing a company to identify bank accounts that suppliers have not reported to the tax administrator to reduce the risk a company will be required to pay VAT on behalf of a supplier
All VAT payers are obliged to inform the tax authorities about changes in the data provided during VAT registration ((e.g. change of the business name, address, etc.)
Preparation and submission of an official notification of changes in Slovak to the Slovak Tax Office.