- Import VAT in Austria applies to goods imported from outside the EU and is collected by Austrian Customs before goods are released.
- The standard import VAT rate is 20%, calculated on the customs value plus duties and related charges, impacting total import costs and cash flow.
- VAT-registered businesses can usually recover import VAT as input tax, while non-registered importers bear it as a final cost.
- Goods from other EU member states are not subject to import VAT but are handled through intra-community VAT rules.
- Understanding EU rules, exemptions, and compliance is crucial for efficient import management and risk reduction.
Source: commenda.io
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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