Slovakia Issuing Changes to Certain VAT Laws

Slovakia will introduce a range of value-added tax measures this summer that will affect cross-border e-commerce trade, KPMG posted Feb. 18. The changes, effective July 1, will alter certain European Union VAT directives, including provisions related to the “place of taxation” and the supply of goods through “electronic interfaces.” The measures will also revise procedures for declarations and payments of import VAT, and repeal an exemption from import VAT for goods “in small consignment of a value of up to” about $26.