- Austrian Federal Ministry of Finance clarified input tax deduction rules
- Managing director of an Austrian IT company filed VAT return claiming input tax deduction
- Tax Office denied input tax deduction due to lack of service description during audit
- Taxpayer appealed, arguing service description was provided verbally
- Federal Finance Court ruled no input tax deduction allowed due to unsatisfied requirements
- Net invoice amount not considered a business expense as payment wasn’t initiated by business
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.
