VAT-Returns
When do I have to pay VAT?
As an entrepreneur, you must periodically (usually quarterly, but sometimes monthly or annually) file a return with the Tax Office and pay the collected VAT.
How do I claim VAT back on business expenses?
You can claim back the VAT you have paid on business expenses through your VAT return. This is called pre-tax deduction.
How do I invoice VAT?
When creating an invoice, you must clearly state the VAT amount along with your VAT number and the total amount including VAT.
What are my VAT obligations in international trade?
For trade within the EU, the reverse charge mechanism applies, where the buyer pays the VAT. For trade outside the EU, you must consider import and export rules that may affect VAT.
When am I eligible for the small business scheme (KOR)?
If you are an entrepreneur with a low annual turnover (under €20,000 per year), you may qualify for the KOR, which means you do not have to pay VAT.
What should I do if I made an error in my VAT return?
Errors in your VAT return can be corrected via a supplementary return or in your initial follow-up return.
How do I handle VAT on sales to private customers in other EU countries?
If you sell to private customers in other EU countries, you may need to charge foreign VAT once certain turnover thresholds are exceeded. This falls under the rules for distance selling.
What is the difference between reverse charge VAT and regular VAT?
In the case of reverse charge VAT, the buyer pays the VAT instead of the supplier. This often applies to B2B transactions within the EU or in specific sectors such as construction.
Do I have to charge VAT on everything I sell?
Most goods and services are subject to VAT, but there are exceptions, such as certain financial services, insurance, and medical care. You must check whether your products or services are exempt.
How does VAT work on digital services to customers in other EU countries?
For digital services to private individuals within the EU, you must calculate and pay VAT according to the buyer’s country via the MOSS (Mini One Stop Shop) scheme.
