Austria MOF Posts Updated VAT Guidelines

The Austrian Federal Ministry of Finance Dec. 21 posted online BMF Guideline No. 2023-0.877.675, updating VAT Guidelines, effective Dec. 15. Updated topics include: 1) tax treatment for vouchers, including definition of voucher, and rules for single and multi-function vouchers; 2) rules for input tax deductions, VAT rates and import VAT deduction; 3) provision for company bicycles free of charge, conditions for financial inclusion, correction of invoices, principle of deeds, increased tax statement, current account transactions, including payments and transfer transactions; 4) record-keeping, notification, and retention obligations for payment service providers, including definitions, locations, exceptions, and record-keeping, transmitting, and retention obligations; ...