A tax-effective correction of an erroneously issued invoice (tax liability too high and therefore tax liability by virtue of invoice pursuant to § 11 para 12 UStG) can also be made if the statute of limitations for the assessment has already expired. – This is because the original tax assessment remains unaffected due to the ex nunc effect of the invoice correction (which is possible for an unlimited period of time) expressly stipulated in § 16 para 1 UStG. VwGH, 15.12.2022, Ro 2019/13/0034
Source: bka.gv.at
Latest Posts in "Austria"
- Austria to Lower Reduced VAT Rate to 5% on Selected Goods from July 2026
- Austria’s VAT Authority Warns Public of Sophisticated Email Phishing Scams Using Fake Tax Notices
- Austrian Court Clarifies Input VAT Deduction Rules for Apartment Rentals and Subsidiary Transactions
- Austria VAT 2026: Rates, Rules, and Key Updates for E-commerce and Service Providers
- Austria to Halve VAT on Essential Foods, Introduce Plastic and Import Parcel Taxes
