!!!Umsatzsteuer

Turnover Tax (value-added tax), duty shared between the federal, 
provincial and municipal governments. In Austria all deliveries of 
goods and the provision of services effected for money by an 
enterprise within the country, are subject to turnover tax (general 
turnover tax). The tax rate is 20% in general; milk, bread and other 
food, books and magazines, passenger transport, theatre and film 
performances, refuse disposal, etc. are subject to a reduced rate of 
10%. The turnover tax is collected from the enterprises. Only ultimate 
consumers are taxed, the turnover tax paid for the acquisition of 
operationally necessary deliveries of goods and provision of services 
is refunded to the enterprises by the tax office ("deduction of 
input tax"). Deliveries of goods and provision of services 
intended for export are not taxed in Austria, imports are taxed when 
crossing the border ("import turnover tax"). No turnover tax 
is levied from social insurance institutions, charitable corporations, 
and real estate, private schools and private teachers, etc. Apart from 
the general turnover tax there are several special turnover taxes 
(land acquisition tax, insurance tax, etc.). The turnover tax is the 
most profitable tax in Austria (1994: 202.5 billion ATS). Tax 
treatment of cross-border merchandise turnovers within the European 
Union is subject to special regulations.

!Literature
M. Scheiner, P. Kolacny, E. Caganek, Umsatzsteuergesetz 
1994, 1994.


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