Every business in Austria that is registered for VAT, whether based domestically or internationally, must submit preliminary VAT reports periodically. These reports should detail taxable transactions and reverse charge invoices.
Depending on the taxable individual’s sales turnover, VAT returns are typically required to be submitted either monthly or quarterly. While the timelines for submitting periodic returns may vary among taxpayers, all are obliged to submit an annual return.
Read more about VAT recovery and VAT returns in Austria in our comprehensive guide.
Taxable individuals have the option to reclaim input tax from the government. Input tax refers to the VAT imposed on goods and services provided to them for taxable business endeavors, which are then utilized to offer taxable (output) services or supplies. To successfully claim the input tax, several conditions must be met:
Tax authorities dispense refunds to taxable individuals following the processing of the year-end VAT return. Should there be a delay in the payment of the due VAT refund beyond a deemed reasonable timeframe, interest will accumulate on the outstanding sum. This reasonable duration is subject to determination by the national court.
Businesses that are not established can file for a VAT refund within six months after the year during which the refund claim was ascertained, provided the claim is no less than EUR 400. However, individuals who are not registered for VAT are ineligible to reclaim refunds on their input VAT.
Last Updated: 11/10/2023
The information provided by Global VAT Compliance B.V. on this webpage is intended for general informational purposes only. Global VAT Compliance B.V. is not responsible for the accuracy of the information on these pages, and cannot be held liable for claims or losses deriving from the use of this information. If you wish to receive VAT related information please contact our experts at support@gvc.tax