Austria: Guidance on VAT exemption for board renumeration; other recent direct and indirect tax developments

A summary of recent direct and indirect tax developments.

April 22, 2024

The Ministry of Finance (BMF) published guidance providing that amounts charged by a parent company for services provided by its board members to its subsidiaries are subject to value added tax (VAT) and not eligible for the partial VAT exemption for board renumeration.

Read an April 2024 report prepared by the KPMG member firm in Austria that includes a summary of other recent direct and indirect tax developments 

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