- The Austrian market has a strong economy and a population of 8 million.
- If you sell or store goods in Austria, you must have an Austrian VAT number.
- The country-specific threshold for VAT registration was abolished in July 2021, and businesses providing goods or services are obligated to register regardless of frequency or role.
- The Austrian tax authorities handle the VAT registration process, and personal or company information, nature of business activities, and proof of VAT number in the country of origin are required. It takes around 2 to 3 months to complete the VAT registration in Austria.
- There are three standard VAT rates in Austria: 20% for most goods and services, 10% for selected items, and 13% for certain foodstuffs, water supplies, pharmaceutical products, and passenger transportation services.
- Some goods and services may be exempt from VAT, and specific industries and circumstances may have special VAT rules.
Source Hellotax
