- Austria updated its VAT guidance, including registration thresholds and rules for businesses.
- Standard VAT rate is 20 percent, with reduced rates of 13 percent and 10 percent for specific goods and services.
- 10 percent rate applies to passenger transport, food, books, newspapers, residential rentals, and tampons.
- 13 percent rate applies to hotel stays and entry to sporting and cultural events.
- VAT cut announced for menstrual products and contraception.
- Annual VAT registration threshold is 55000 euros for residents, no threshold for non-residents.
- 10000 euro limit for pan-EU digital services and goods under OSS, 11000 euro threshold for intra-community acquisitions.
- Voluntary registration is allowed.
- Foreign businesses can recover Austrian VAT; non-EU companies need a fiscal representative, except UK and Norway.
- VAT grouping is allowed for businesses with economic and control links.
- Invoices must be issued within six months or by the 15th of the following month for intra-community supplies.
- Electronic invoicing is allowed with agreement; simplified invoices for amounts under 400 euros.
- VAT returns are filed monthly, quarterly for turnover under 100000 euros; annual returns due by 30 June.
- Returns must be submitted electronically; VAT payments due by the same deadlines.
- Penalties include fines of up to 10 percent for missed returns, 2 percent for late payments, 1 percent for unfiled European Sales Listings.
- Specific rules exist for reverse charge supplies, import VAT deferment, digital services, live events, and distance sales.
- Limited split payment regime for certain transactions with non-resident suppliers.
Source: fiscal-requirements.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.
