Are you supplying, or looking to supply goods to Austria? If your business was not established in the country, you will likely be affected by the EU VAT (Value Added Tax) directive. Whether you are inside or outside the EU, you are likely to have to register for non-resident VAT.
Do I need to register for VAT in Austria?
The circumstances in which you will have to register for Austrian VAT include:
* when exceeding Distance Selling thresholds
If you are currently affected by or will be affected by these factors, you are legally required to appoint a tax representative to register for VAT on your behalf. Contact us for a free consultation on your business’s unique VAT requirements.
What are the VAT rates in Austria?
The standard rate of VAT in Austria is 20%. A 10% or 13% rate of reduced VAT applies to certain products based on specific criteria.
What are the VAT return periods in Austria?
VAT returns must be submitted either monthly or quarterly, depending on the turnover of the business and the value of any supplied goods.
Austria also requires that you submit an annual summarising return online, before June 30th of the following calendar year.
What is the Distance Selling threshold in Austria?
The distance selling threshold, which determines whether you need to pay VAT for sales to Austrian customers, is €35,000.
What is the Intrastat threshold in Austria?
The Intrastat threshold, which affects the movement of goods between Austria and another EU state, is €750,000 for both arrivals and dispatches.
What if I sell goods on Amazon?
Many online sellers who are trading via Amazon make use of their Fulfilment By Amazon (FBA) service. In order to trade faster and easier across Europe, companies use Amazon to store, pick, pack and deliver your products to the buyer’s local address.
Even though you may think that you’re making sales from your home country, Amazon holds the goods locally and the product would, therefore, be considered as a local sale, and subsequently liable for VAT.
VAT is the responsibility of the seller, not Amazon, and you can face heavy fines for not registering and/or paying VAT.