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  • 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
  • Austrian TOMS is extended to B2B supplies

    TOMS in Austria was only applicable on supplies to private individuals. However, from 1 January 2016, this regime will also apply when the customer is a VAT registered business (B2B).  The Tour Operator Margin Scheme is usually known by the abbreviated term TOMS. This scheme simplifies the way VAT is accounted by businesses that buy-in and re-sell hotel, accommodation and other travel services in their own name. Businesses using TOMS do not recover VAT on their purchases and only account...
    • By Marosa VAT
    • Published 11/02/2016 9:37
  • Austrian archiving VAT rules on intra-Community supplies and exports

    Following the updated Archiving VAT rules in Austria, from 15 August 2015, all documents related to the movement of goods from Austria to another Member State as well as export documents can be stored abroad. Different archiving and book-keeping rules make it difficult for any multinational business to coordinate their obligations effectively. The rules on electronic archiving are also different in each territory, and so is the minimum archiving period. Marosa con perform health-checks on the archiving rules applicable to...
    • By Marosa VAT
    • Published 11/02/2016 9:32