- A VAT correction according to § 16 Abs 3 Z 1 UStG is permissible for (partially) uncollectible receivables if there is a (subsequent) change in the taxable amount and can be proven.
- The correction must be made for the assessment period (ex nunc) in which the change actually occurred. The correction cannot be made in a later period.
- The sale of a distressed receivable at a lower purchase price does not necessarily mean that there is a complete or partial uncollectibility at that time.
- BFG 9 May 2023 RV/7102588/2022.
Source: leitnerleitner.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.
Latest Posts in "Austria"
- Intrastat Reporting Thresholds Raised for Intra-EU Trade Effective January 2026
- No Input VAT Deduction for Foundation Renting Apartment to Founder Below Market Rate
- Subsequent Input Tax Key Alone Does Not Justify Reopening Proceedings if Facts Were Previously Known
- Supplying Surplus Photovoltaic Electricity Qualifies as Entrepreneurial Activity Regardless of Private Consumption Ratio
- Intrastat – Increase of the reporting threshold for intra-EU imports and intra-EU exports
