- The Austrian Federal Finance Court clarified tax deduction rules for subcontractor services involving fraudulent invoices.
- Tax deductibility depends on the true economic substance and credibility of transactions.
- Business expenses must be supported by credible evidence of actual payment and economic reality.
- The taxpayer’s deductions were denied due to lack of evidence, implausible funding sources, and fictitious transactions.
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"
- New GC VAT Case T-389/25 (James Howden and Co.) – No details on Curia yet but ….
- Austria Launches USP Portal for Business E-Government Services and E-Invoicing Registration
- Austrian Court Rules No Consumption Tax or Late Surcharge on Temporarily Leased Cross-Border Vehicles
- Questions to ECJ – Quick Fixes Under Scrutiny: Is an EU VAT ID a Substantive Requirement for Zero-Rating?
- New GC VAT Case: C-689/25 (British Company) – No details known yet
