- The Austrian Federal Ministry of Finance has updated VAT Guidelines
- The updates include tax treatment for vouchers, rules for input tax deductions, and VAT rates
- There are provisions for company bicycles, correction of invoices, and increased tax statement
- Payment service providers have record-keeping and retention obligations
- Special provisions are included for import turnover tax and intra-community supplies
- Insurance undertakings repairing vehicle wreckage from insured claims are not taxable.
Source:
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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