- The Austrian Federal Ministry of Finance posted a decision on input VAT deductions for test vehicles.
- An engine manufacturing plant claimed a VAT deduction for test vehicles used in engine development.
- The Tax Office denied the deduction.
- The Federal Finance Court found the test vehicles were frequently modified and different from production vehicles.
- The vehicles were similar to racing cars and couldn’t be registered as passenger cars without high costs.
- The input VAT deduction exclusion didn’t apply as the vehicles lacked passenger car characteristics.
Source: news.bloombergtax.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"
- 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
