From 1 July 2023, the tax administration in Slovakia has prepared a new VAT control statement for use and is introducing a new form KVDPHv23. The reason for this is the introduction of a reduced VAT rate of 5% of the tax base to help improve the environment for the construction of state-supported rental housing with regulated rents and a guarantee of long-term housing.
A second reduced VAT rate of 5% of the tax base was newly introduced in the VAT Act. It will therefore have to be reported in the VAT control statement via the new form KVDPHv23. The new form will be available as standard via the tax administration portal or the eDane application from 1 July 2023 for the tax period 07/2023 or Q3 2023.
In this context, for the tax periods June 2023 and Q2 2023 in Slovakia, the control report will still be submitted on the form KVDPHv21, including any additional VAT returns submitted for the tax period ending on 30 June 2023 at the latest. For the submission of the control report for July 2023, it will be necessary to submit the control report in the structure of the new form KVDPHv23.
Following these changes, Algotech has prepared the necessary modifications to the Slovak localizations of Oracle JD Edwards EnterpriseOne and Oracle EBS and a new XML structure of the VAT control statement generated directly from the system, in the new structure of the KVDPHv23 form.
Do you need help with modifying Slovak localizations of Oracle JD Edwards ERP or Oracle EBS? Do not hesitate to contact us.
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