EU Approves Austria’s Extension for VAT Deduction Deviation Until 2027

• The European Union Official Gazette on December 4 published the European Council Decision No. 2024/3013
• The decision concerns Austria’s request to continue a special VAT measure
• Austria wants to keep prohibiting VAT deductions on goods and services mainly used for non-business purposes
• This measure aims to simplify VAT collection and combat evasion
• The authorization for Austria is extended until December 31, 2027
• Austria must submit any further extension requests by March 31, 2027
• The decision became effective on the date it was notified

Source: news.bloombergtax.com

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