Austria MOF Issues FAQs on Zero Percent VAT Rate for Photovoltaic Modules

The Austrian Federal Ministry of Finance Jan. 25 issued FAQs on the zero percent VAT rate for photovoltaic modules. The FAQs explain that: 1) only photovoltaic system-specific components are subject to the zero percent VAT rate; 2) the decisive factor for the “time of acceptance” of a photovoltaic system is determined by the system operator, not the grid operator; 3) the zero percent VAT rate doesn’t apply to hybrid photovoltaic collectors generating both electricity and heat, to photovoltaic systems used to generate hot water, or to heat pumps; 4) only photovoltaic modules designed specifically for electrical energy generation qualify for ...