- 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"
- Austria to Halve VAT on Basic Food Items, Aiming to Lower Prices and Tackle Inflation
- Austria to Halve VAT on Essential Foods from July 2026 to Ease Inflation Pressures
- Plastic and Package Levies to Fund VAT Cut on Basic Foods; Details on Products Pending
- Germany Updates Annual and Preliminary VAT Returns for Photovoltaic Modules Reporting in 2025-2026
- Austria Modernizes Fiscal Cash Register Rules for 2026, Eases Compliance, Expands Digital Receipts
