ASB Slovakia, s.r.o.

Laurinská 18, 811 01 Bratislava
Slovakia

Tel: +421 254 641 187

IČ: 36 665 061

Registered in the Commercial Register of the City Court Bratislava III, Section: Sro, Insert 41924 / B.

Commercial Enquiries:

Dan Ledvinka Group Commercial Director +420 222 500 648 dledvinka@asbgroup.eu

SME procedure will make it easier for taxpayers to operate in the EU market

The introduction of the SME (Small and Medium Enterprises) procedure in January 2025 represents a significant change in the VAT settlement system within the European Union. This mechanism was designed with small and medium-sized enterprises (SMEs) engaged in cross-border activities in mind. The objective is to simplify administrative and tax obligations for entities with relatively low turnover. The SME procedure establishes uniform regulations applicable across the EU, marking a step toward harmonizing tax law in member states.