VAT OBLIGATIONS IN AUSTRIA
How is the tax period determined in Austria?
Your company has to report its VAT position by filing provisional [preliminary] VAT returns on a monthly basis provided the annual turnover of the previous calendar year exceeds € 100.000. Quarterly reporting period is applicable below the above threshold.
When should periodical VAT return be filed?
Preliminary VAT returns must be filed by electronic means via "FinanzOnline" to Austrian VAT authorities before the 15th day of the second month [15 of N+2] following the tax period [month or quarter] to which it relates [=> 45 days]. In case of late VAT returns, penalties may be levied up to 10% of the tax due.
The tax period shall be set by each Member State at one month, two months or three months. Member States may, however, set different tax periods provided those ones do not exceed one year. The VAT return shall be submitted by a deadline to be determined by Member States. That deadline may not be more than two months after the end of each tax period.
Is this requirement laid down in the country and what is the filing deadline?
Your company has to submit an annual summarizing VAT return (Umsatzsteuererklärung) in Austria. The annual statement should be filed by April 30th of the next calendar year (or by June 30th of the next calendar year in case of electronic filing through "FinanzOnline"). An extension is available if your company is represented by an Austrian tax adviser.
Member State may require taxable persons to submit a return in respect to all transactions carried out in the preceding year. That return shall provide all the information necessary for any adjustments.
Are quarterly filings allowed by the country and what is the filing deadline?
The recapitulative statement (ESL - Zusammenfassende Meldung) must be drawn up depending on the periodicity of the VAT return (month/quarter). Foreign companies filing quarterly VAT returns have to submit the statement on a quarterly basis accordingly. ESL should be filed by electronic means via "FinanzOnline" by the end of the month following the reporting period (month or quarter) to which it relates.
The recapitulative statement shall be drawn up for each calendar month. However, Member States, in accordance with the conditions and limits which they may lay down, may allow taxable persons to submit the recapitulative statement on each calendar quarter where the total quarterly amount of intra-EU supplies of goods does not exceed either in respect of the quarter concerned or of any of the previous four quarters the sum of € 50.000 or its equivalent in national currency. The recapitulative statement shall be submitted within a period not exceeding one month.
What is the payment deadline?
The VAT due should be paid by the filing deadline for the VAT return. Late payment causes surcharges of at least 2% of the net tax payable.
Are interim payments required?
Interim payments are not required in Austria.
Any taxable person liable for the payment of the VAT must pay the net amount of the VAT when submitting the VAT return. Member States may, however, set a different date for payment of that amount. Member States may require interim payment to be made.
Is any VAT credit automatically carried forward or refunded?
The VAT credit may be claimed as a refund by submitting the periodic VAT return and by sending a repayment claim letter to the relevant tax office.
Where, for a given tax period, the amount of deductions exceeds the amount of VAT due, the Member States may, in accordance with conditions which they shall determine, either make a refund or carry the excess forward to the following period. However, Member States may refuse to refund or carry forward if the amount of excess is insignificant.