5 Major Developments in Austria

5 Major Developments in Austria

• Dunning fees as real compensation: no VAT
• Austria: Bundesfinanzgericht – Input tax adjustment of real estate held as current assets
• Austria: Verwaltungsgerichtshof – Tax exemption for financial services
• Austria Standard Audit File for Tax SAF-T
• MOF Clarifies Input VAT Deductions for Flat-Rate Daily, Overnight Allowances Paid to Employees

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Deduction (input tax credit)

• Fictitious Intra-EU acquisition for chain transactions

• Flashback on ECJ cases C-409/99 (Metropol and Stadler) – Deduction of input tax – Exclusions provided for under national law at the time of entry into force of the Directive

• § 12 paragraph 1 UStG, § 20 paragraph 2 UStG period for the input VAT deduction

• MOF Clarifies Input VAT Deductions for Flat-Rate Daily, Overnight Allowances Paid to Employees

• Austria: Bundesfinanzgericht – Letting of apartments to dependent children

• Austria: Bundesfinanzgericht – Refund of input tax from fuel invoices

• Austria: Bundesfinanzgericht – Input tax deduction and input tax adjustment in connection with rental activities

• Austria: Bundesfinanzgericht – Input tax deduction for luxury real estate

• Austria: Bundesfinanzgericht – Input tax adjustment of real estate held as current assets

ECJ (European Court of Justice)

• Flashback on ECJ cases C-409/99 (Metropol and Stadler) – Deduction of input tax – Exclusions provided for under national law at the time of entry into force of the Directive

• Flashback on ECJ Cases – C-441/09 (Commission v Austria) – No reduced VAT rate to all deliveries, imports and intra-Community purchases of horses

E-Invoicing

• B2G E-Invoicing in Austria

• Rules for e-invoicing in Austria

• How does B2G invoicing work in Austria?

• E-Invoicing in Austria

Exemption

• Austria: Verwaltungsgerichtshof – Tax exemption for financial services

• Austria: Bundesfinanzgericht – Small business exemption

Invoice

• Austria: Verwaltungsgerichtshof – Invoice correction despite statute of limitations for tax assessment

Fiscalization

• More frequent cash register audits in Austria have been announced for 2023

• E-receipts are gaining popularity in Austria

Fraud / Tax evasion

• Finance Act 2023 provisions release

Rate

• Flashback on ECJ Cases – C-441/09 (Commission v Austria) – No reduced VAT rate to all deliveries, imports and intra-Community purchases of horses

Real Estate/Immovable Property

• Austria: Bundesfinanzgericht – Letting of apartments to dependent children

• Austria: Bundesfinanzgericht – Input tax deduction and input tax adjustment in connection with rental activities
• Austria: Bundesfinanzgericht – Input tax deduction for luxury real estate

• Austria: Bundesfinanzgericht – Input tax adjustment of real estate held as current assets

Reporting / Compliance

• Austria VAT country guide 2023

• A guide to VAT – Doing business in Austria

• 4 Country VAT Guides on Austria

• VAT rules in Austria

• VAT Guide – Austria

SAF-T (Standard Audit File for Tax)

• Austria Standard Audit File for Tax SAF-T

SME (small and medium-sized enterprises)

• Austria: Bundesfinanzgericht – Small business exemption

Taxable Transaction

• Dunning fees as real compensation: no VAT

Tax authorities / Penalties

• New interest rate of 3.38% for sales tax and appeal

Tax point (when the chargeable event occurs)

• § 12 paragraph 1 UStG, § 20 paragraph 2 UStG period for the input VAT deduction

War in Ukraine

• Finance Act 2023 provisions release