- Austrian Federal Ministry of Finance posted Federal Finance Court Decision No. GZ. RV/7101450/2022 online
- Decision clarifies loss of right to deduct input tax due to VAT evasion
- Taxpayer contracted for renovation of property
- Contracting company hired non-existent accounting company
- Tax Agency assessed sales tax by reducing input tax deduction
- Federal Finance Court upheld Tax Agency’s decision
- Taxpayer failed to comply with duty of care in suspecting VAT evasion
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.
