Tackling taxes

Tax Services
No 16 / 9. 8. 2012
Breaking Tax News
Tackling taxes
Technical handling of input VAT refund claims
within EU countries
Austrian entrepreneurs seeking refund of input VAT for
year 2011 in other EU member states must file their
applications by September 30, 2012.
Since 2010, the refund procedure has been simplified,
as applications for all EU member states can be filed in
one application via FinanzOnline in Austria. The amount
refunded has to be at least EUR 400, if the concerned
refund period is less than one year but not less than 3
months. If the input VAT refund period is one year or
the rest of the year, the amount refunded has to be at
least EUR 50.
The applicant receives an electronic confirmation after
filing the application and another after the application
arrives in the refunding Member State. Original paper
invoices and/or import documents are no longer to
be enclosed. However, copies of invoices amounting
to more than EUR 1,000 could be requested by the
refunding Member State in case of doubt. Afterwards
the assessment is filed electronically by the refunding
Member State to the applicant and the tax office in the
applicant´s state of residency. The bank transfer of
the refunded input VAT must be effected thereafter
within 10 days. The term of processing should be 4
months. However, it could be expanded one-time up to
the maximum of 8 months. The applicant is entitled to
interest, if the processing period is exceeded.
The disadvantage of the online procedure is that only
40 invoices can be submitted per refund application.
By filing the claims for a period of at least 3 months or
the rest of the year (4 claims per year) the number of invoices could be increased up to 160 per year. Although,
if the number of invoices is higher than 160, the filing
could only be made with a separate software in the
data stream.
Deloitte has such software in its disposal for filing
of input VAT refund claims by data stream. With our
software solution nearly infinite data records could be
submitted. Thereby the applicant achieves both: cost
and time savings.
Deloitte will be happy to support you with your input
VAT refund procedures and to assist you with further
information.
Your Deloitte Tax Advisor will be
happy to answer your questions.
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