A draft bill has been proposed by the Austrian Federal Ministry of Finance to amend the reporting obligations for payment service providers. This proposal aims to tackle VAT fraud by requiring providers to keep records of cross-border payments relating to economic activities. In case of over 25 cross-border payments to the same payee, the providers must maintain adequate records of payees and payments.
Source vat-int
Latest Posts in "Austria"
- Essential Requirements for E-Invoices in Federal Budget Clearing System to Avoid Delays
- 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
