A company event that includes both business discussions and leisure activities, such as skiing, cannot have its expenses deducted as business expenses. These expenses are considered non-deductible entertainment expenses for income tax purposes and no input VAT deduction is possible. This interpretation is based on the Austrian Income Tax Act and VAT Act, as determined by the Federal Tax Court on June 27, 2023.
Source Leitner & Leitner
Latest Posts in "Austria"
- Austria Introduces 4.9% Reduced VAT Rate for Essential Foods from July 2026
- Austria Proposes VAT Cut on Staple Foods to 4.9%, Seeks Public Feedback
- Austria Introduces a New 4.9% Reduced VAT Rate for Essential Foodstuffs
- VAT Returns in Austria 2026: Who Must File, Deadlines, and Submission Rules Explained
- When Is VAT Registration Mandatory in Austria in 2026? Key Rules for Businesses and E-commerce
