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  • Penalties for late VAT payments and VAT returns in Austria

    Penalties for late VAT payments in Austria An Austrian domestic Court recently issued a decision clarifying the applicable penalties for late VAT payments and late VAT returns. According to Austrian tax law, a penalty of 10% of the VAT due is imposed when a VAT return is filed late. The Austrian tribunal ruled that this penalty even applies when the VAT payment was made on time but the VAT return was not submitted. This decision also explained that, in such...
    • By Marosa VAT
    • Published 31/08/2016 20:28
  • Austria changes triangulation requirements

    Triangulation simplification in Austria changed The Austrian tax authorities recently published guidelines and policy changes on the application of the triangulation simplification foreseen in article 141 of the VAT Directive. Here is a summary of their conclusions: Going forward, triangulation will be applicable in Austria even if party B is registered for VAT in country A. Besides the above, for triangulation to apply, party B must report the transaction with code T in the ESL return and the invoice should...
    • By Marosa VAT
    • Published 23/03/2016 9:30
  • When can I claim input VAT in Austria?

    An Austrian tribunal Bundesfinanzgericht recently decided that input VAT should be deducted in the period in which the taxable supplies connected to this input VAT were carried. The case at hand involved input VAT claimed in a period after the taxable supplies were carried and making use of a specific simplification for claiming VAT back. In any case, it opens the door for limiting the period in which input VAT in Austria can be claimed. Claiming input VAT is not...
    • By Marosa VAT
    • Published 26/02/2016 19:58
  • Austrian reduced VAT rates

    The reduced VAT rate on flights within Austria was increased from 10% to 13% since last 1 January 2016. More importantly, the reduced VAT rate on accommodation, concert and theatre tickets will also be increased from 10% to 13% on 1 June 2016. Ever since the start of the financial crisis in 2007, almost all Member States have opted for increasing their VAT rates to compensate the decrease on other tax revenues. Following recommendations of the European Commission and OECD,...
    • By Marosa VAT
    • Published 26/02/2016 9:36
  • Austrian invoices issued by distance sellers

    Businesses selling goods to a private individual in Austria from another Member State must issue a compliant invoice according to Austrian invoicing rules when the value of sales in Austria exceeds the distance selling threshold. This requirement applies for all distance sellers as from 1 January 2016. Despite the harmonization of VAT rules in the EU for distance sellers, there are a number of differences that make it difficult for e-commerce businesses to ensure compliance around Europe. The reporting requirements...
    • By Marosa VAT
    • Published 26/02/2016 9:34