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austria

AUSTRIA

Austria

 

Austria is one of the 27 Member States of the European Union.

Basic VAcTs

Latest update 01.06.2024
Country ISO Code AT
EU Member State Yes
Local name Umsatzsteuer (USt) or Mehrwertsteuer
VAT number format AT U 12345678
VAT Rates  
Standard VAT Rate 20%
Reduced VAT Rate 10%
Special Reduced VAT Rate 13%
VAT Compliance  
Standard VAT Return filing period Month or (calendar) quarter + Annual Return
Standard VAT Return filing deadline 15th day of month following filing period

VAT Representation required for non-resident
businesses?

Yes, mandatory for non-EU businesses,
unless Mutual Assistance Agreement
Record retention period 7 years (22 years if relating to immovable property)
Electronic invoicing Not mandatory for B2B transactions

Click HERE for more info
Real-time reporting n.a.
Special Rules  
General domestic reverse charge for domestic
supplies of goods by non-resident businesses?
Yes / No *
Other domestic reverse charge mechanisms? Yes, e.g. supplies of specific goods (e.g. scrap, waste
materials), supply of CO2-certificates, and
(sub-)contracting work
Postponed Accounting on Import No
VAT Grouping possible? Yes
VAT Refunds for non-EU businesses? Yes (no reciprocity)
Remarks  
Link to VAT Law  HERE
Remarks * There is a withholding system where non-resident
suppliers charge VAT on their invoice, but the
customer withholds this VAT and pays it directly to
the tax authorities.

Below is an overview of the latest VAT news for this country.

Note: The above information is taken from various sources and is for information purposes only and is not intended to be advice. Although the author went to great lengths to make sure the information is accurate and useful, users should not act on the basis of any matter used or presented without considering appropriate professional advice.

More information: https://www.vatupdate.com/disclaimer/

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