Skip to main navigation Skip to main content Skip to page footer
mobility arts & culture austria

Glossary

Standard taxation

Since small businesses are VAT exempt, they are not entitled to deducting input tax. There is, however, a possibility to opt into the standard taxation regime, meaning to voluntarily opt for VAT liability and thereby acquire the right to deduct input tax.

Standard taxation

Term used in VAT law: Since small businesses are VAT exempt, they are not entitled to deducting input tax. There is, however, a possibility to opt into the standard taxation regime, meaning to voluntarily opt for VAT liability and thereby acquire the right to deduct input tax.

Back