Austria

Austria extends TOMS VAT

November 27th, 2015

Austria is to extend the application of its Tour Operator Margin Scheme (TOMS) to apply to VAT registered customers from 1 January 2017 (extended from original 2016 plan). TOMS is a regime permitted by the European Union VAT Directive to simplify the VAT compliance burden of travel tour operators. Where operators are buying holiday packages …


Austria

Austrian hotel VAT rise delayed

October 8th, 2015

Plans to raise the Austrian VAT rate on accommodation services from 10% to 13% have been delayed until May 2016. The rise will also include charges for breakfast (which had been originally excluded from the change). Any accommodation provided as part of full board packages, including alcohol etc, would have to be split for VAT …


Austria

Austria reduced VAT rate increase 2016

September 3rd, 2015

Austria has confirmed plans to raise its reduced VAT rate from 10% to 13% from 1 January 2016 on the following services: Cultural events, including entrance to public museums and galleries Domestic air travel Sales of certain animal feeds Accommodation services  will not be subject to the rise until 1 April 2016.  The measures were included …


Austria

Austria proposes reduced VAT rate hikes

July 24th, 2015

Austria has proposed increases in the VAT rates to a range of goods. The following goods, currently at the reduced rate of 10%, would become subject to a new reduced Austrian VAT rate of 13%: Cultural events, including entrance to public museums and galleries Domestic air travel Sales of certain animal feeds The measures were …


Austria

Austrian Intrastat

April 10th, 2015

In addition to VAT returns, foreign companies trading in Austria may be required to complete statistical reports, ‘Intrastat’, on the movement of goods across the national borders.  This can include both sales to other companies, but also the movement of goods by the same company. When do Austrian Intrastat reports have to be completed? If …


Austria

Austrian EC Sales Lists (ESL)

April 10th, 2015

If an Austrian VAT registered business, resident or non-resident, is selling goods or services to other VAT registered companies in Europe, then an EC Sales List (ESL) return may be required.  These may also be known as recapitulative statements.  This is in addition to the regular Austrian VAT return or Austrian Intrastat.


Austria

Austrian VAT returns

April 10th, 2015

Any company registered with the Austrian tax authorities (see our Austrian VAT registration briefing) as a non-resident VAT trader must report taxable transactions through periodic filings, known as returns. What are the deadlines for filing Austrian VAT returns? Any Austrian monthly or quarterly VAT filing is due on the 15th of the second month following …


Austria

Austrian VAT invoice requirements

April 10th, 2015

Austrian VAT rules on the format and information to be provided on invoices broadly conform with the obligations of the EU VAT Directive and its VAT invoice requirements. Date of issuance and storage of Austrian invoices Austrian VAT invoices must be issued at the latest six months after the taxable supply. For intra-Community supplies where …


Austria

Austrian VAT registration

April 10th, 2015

What are the Austrian VAT registration thresholds? For foreign businesses trading in Austria that are VAT/GST/Tax registered in their home state, the VAT registration threshold is nil. For EU VAT registered companies selling goods over the internet to consumers in Austria, the VAT registration threshold (distance selling) is per annum. What is the format of …


Austria

Austria increases reduced VAT rates 2016

March 28th, 2015

Austria has announced in its latest budget a rise in its reduced VAT rates from 1 January 2016. The current 10% rate will be increased to 13% on the following supplies: Hotel accommodation Printed books, newspapers and magazines Residential property rent The following goods will remain at 10%: Foodstuffs Medicines The standard Austrian VAT rate …