Value added tax is technically a traffic tax because it is linked to an economic movement process (turnover = deliveries, other services). However, from a charging perspective, VAT is a consumption tax because it is charged to the one who uses income for consumption purposes.
Our WTS experts understand the challenges associated with indirect taxes. They support our clients by providing customised solutions in a highly dynamic environment. Increasing globalisation is forcing companies not only to keep an eye on Austrian VAT law, but also to take account of other VAT systems in Europe and the rest of the world.
In light of this, it is essential that companies meet the respective compliance requirements. Our advisory objective is to find legal ways to sustainably optimise the effective tax rate by means of appropriate VAT structures. In doing so, WTS takes globally oriented business models and the continual change in international tax legislation into consideration. Furthermore, due to the requirements of the VAT Directive (2006/112/EC), the case law of the European Court of Justice must also be considered. We pay special attention to the overlap between customs law and VAT law.
We establish legally secure VAT structures for our clients, review and optimise existing structures (holding and corporate structures), support and defend disputed case constellations - both at national (e.g. in the context of an external audit) and international level. We also look to ensure that the input tax deduction is guaranteed for our clients.
There are no bounds to our VAT activities. We advise both domestic and foreign companies and groups, media companies, SMEs, freelancers and tax consultant colleagues. We are of course also able to support you together with our VAT experts from the WTS Global network for questions relating to foreign VAT.