Austria MOF Clarifies Deductions of Business Expenses

The Austrian Federal Ministry of Finance Sept. 22 posted online Federal Finance Court Decision No. RV/2100518/2022, clarifying deductions of business expenses. The taxpayer, an individual with income from an orchestra and event management business, claimed certain individual income tax and input VAT deductions. The Tax Office denied certain deductions. On appeal, the Federal Finance Court found that: 1) the taxpayer proved that expenses from a business plan he developed, and court costs related to it, were business related; 2) the taxpayer proved depreciation expenses from documents subsequently submitted; 3) the Tax Office was entitled to estimate business-related travel expenses due ...