- A rental prepayment received in 2013 for periods starting from July 2015 remains tax-free even if the landlord opts for tax liability starting in 2015. The option for tax liability can be exercised in a later year for ongoing services like leasing, as each service period is assessed separately. Prepayments received and treated as tax-free before exercising the option are not affected by the later option. Reclassifying an originally tax-free prepayment as taxable does not change the tax base under § 16 UStG.
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"
- 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
