From 2 November 2022, a new interest rate of 3.38% for sales tax and appeal will apply.
Below are the other recent changes made to interest rates in 2022:
- 1.88% from 20 July 2022 to 13 September 2022;
- 2.63% from 14 September 2022 to 1 November 2022.
VAT interest applies to both credit notes and payments. The VAT interest must be at least EUR 50.00.
Source Taxbackinternational
Latest Posts in "Austria"
- Austrian Court Grants Input VAT Refund for Swiss Firm’s Property Valuation Services in 2018
- Austrian Finance Ministry Clarifies VAT Refund Rules: Original Invoices Required for Non-EU Companies
- Austrian Court Clarifies VAT Deduction Rules for Fraudulent Invoices in Construction Sector
- VAT in Austria – A comprehensive up to date guide
- Late Submission Penalty Reduction for Summary Reports Due to Minor Negligence