A company event that includes both business discussions and leisure activities, such as skiing, cannot have its expenses deducted as business expenses. These expenses are considered non-deductible entertainment expenses for income tax purposes and no input VAT deduction is possible. This interpretation is based on the Austrian Income Tax Act and VAT Act, as determined by the Federal Tax Court on June 27, 2023.
Source Leitner & Leitner
Latest Posts in "Austria"
- Tax Implications of Hobby in Castle Leasing and Management Under § 2 Abs 5 Z 2 UStG
- VAT Refund for Foreign Entrepreneurs on Austrian Real Estate Services
- Hobby Horse Breeding and Boarding: Tax Implications and Profitability Assessment Changes
- Input Tax Deduction for Test Vehicles Used Exclusively for Development Purposes
- No Reduced Tax Rate for Pet Funeral Services, Standard Rate Applies, VwGH Confirms