- Austrian MOF clarifies input VAT deduction on rented equipment
- Taxpayer rented out equipment in Austria, Liechtenstein, and Switzerland
- Used pro forma invoices to calculate VAT
- Austrian Tax Office disagreed with exempt treatment of certain transactions
- Federal Finance Court found that reopening proceedings was warranted
- Landlord in rental agreement is entitled to input tax deduction
- VAT assessments for 2012 and 2015 will be amended
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.