Austria: Input VAT deduction of import VAT for leased machinery (Federal Finance Court decision); other recent direct and indirect tax developments
A summary of recent direct and indirect tax developments
The Federal Finance Court held that if the lessor has the power of disposal over leased machinery upon importation, the lessee cannot claim input value added tax (VAT) deduction for the import VAT.
Read a December 2024 report prepared by the KPMG member firm in Austria that includes a summary of other recent direct and indirect tax developments