- If a business wrongly shows VAT on a supply that was actually performed but is not taxable, the incorrectly invoiced VAT becomes payable solely because of the invoice itself (“tax liability due to invoicing”).
- A later invoice correction has only prospective effect (ex nunc).
- The correction must be reported in the tax period in which the corrected invoice is actually issued to the recipient.
Source: leitnerleitner.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.
Latest Posts in "Austria"
- Austria Simplifies Digital Fiscal Receipt Delivery at Checkout
- Austria simplifies electronic issuance of fiscal cash-register receipts
- Titanium Case: EU VAT Fixed Establishment Rules
- Austrian Wholesaler’s VAT Treatment of EU Triangular Transactions
- Late Invoice Blocks Simplified VAT Scheme in Triangular Transactions
