- 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.
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