Austria Tax Codes
Tax codes determine how much tax is paid on each transaction line item. For NetSuite to calculate correct values on transaction records and tax reports, make sure that the tax codes for Austria are set up correctly.
Austria Tax Code Changes
If you are using the NetSuite International Tax Reports SuiteApp, take note of the following:
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You must use the tax code properties provided by the SuiteApp. The Austria VAT reporting feature uses Reduced Rate, Special Reduced Rate, Special Territory, Paid, Import, and Import VAT properties. These are in addition to the properties that are common to all nexuses. Carefully review your current tax codes and edit them to match the settings in the Tax Code Table for Austria. For more information about tax codes, see Tax Code Properties and Creating Tax Codes.
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The ESSP tax code used for purchases of services from EU must have a check mark on the box for Reverse Charge Code, EC Code, and Applies to Service Items.
Tax Code Table for Austria
The following table shows the tax properties required to correctly generate the Austria tax reports provided by the International Tax Reports SuiteApp. The tax code names or letters presented in the table are suggested names or default system preferences. You can rename the tax codes. Tax reports identify transactions by looking at the tax code properties, not the tax code names.
On the New Tax Code or Edit Tax Code page, check the boxes of the properties that apply to the tax code. For more information about tax code properties, see Tax Code Properties.
To understand how NetSuite uses the tax codes to get the values for the Austrian VAT report, see What goes into each box – Austria VAT report.
For information about notional rates in EU B2B transactions and VAT reports, see EU Notional VAT.
Please consult your tax agency for the correct tax rates.
|
Tax Code |
Description |
Property |
Rate |
Notional Rate |
Available On |
|---|---|---|---|---|---|
|
E-AT |
Exempt |
Exempt |
0% |
— |
Both (Sales and Purchases) |
|
ER-AT |
EU sales/purchases (goods) – reduced rate |
EC Code Reduced Rate |
0% |
R-AT |
Both (Sales and Purchases) |
|
ER3-AT |
EC sales and purchases (goods) – reduced rate at 5% according to Section 28 Abs. 52 Z 1 from July 1, 2020 – December 31, 2020 |
EC Code Reduced Rate |
0% |
R3-AT |
Both (Sales and Purchases) |
|
ES-AT |
EU sales and purchases (goods) |
EC Code |
0% |
S-AT |
Both (Sales and Purchases) |
|
ESR-AT |
EU sales/purchases (goods) – special reduced rate |
EC Code Special Reduced Rate |
0% |
R2-AT |
Both (Sales and Purchases) |
|
ESSP-AT |
EU purchases (services) |
EC Code Reverse Charge Code Applies to Service Items |
0% |
S-AT |
Purchases |
|
ESSS-AT |
EU sales (services) |
EC Code Applies to Service Items |
0% |
S-AT |
Sales |
|
EZ-AT |
EU sales/purchases – zero rate |
EC Code |
0% |
Z-AT |
Both (Sales and Purchases) |
|
I-AT |
Purchase of goods from outside of EU |
Import |
0% |
— |
Purchases |
|
Import VAT-P |
VAT paid to customs on imports |
Paid Import VAT |
0% |
— |
Purchases |
|
Import VAT-U |
VAT not yet paid on imports |
Import VAT |
0% |
— |
Purchases |
|
IS-AT |
Purchase of services from outside of EU |
Import Applies to Service Items Reverse Charge |
0% |
S-AT |
Purchases |
|
O-AT |
Sales outside of EU |
Export |
0% |
— |
Sales |
|
R-AT |
Reduced rate |
Reduced Rate |
10% |
— |
Both (Sales and Purchases) |
|
R2-AT |
Special Reduced Rate |
Special Reduced Rate |
13% |
— |
Both (Sales and Purchases) |
|
R3-AT |
Reduced Rate at 5% according to Section 28 Abs. 52 Z 1 from July 1, 2020 – December 31, 2020 |
Reduced Rate |
5% |
|
Both (Sales and Purchases) |
|
RC-AT |
Reverse charge |
Reverse Charge Code |
0% |
S-AT |
Both (Sales and Purchases) |
|
S-AT |
Standard rate |
— |
20% |
— |
Both (Sales and Purchases) |
|
S2-AT |
Standard rate – other (Jungholz and Mittelberg) |
Special Territory |
19% |
— |
Both (Sales and Purchases) |
|
Z-AT |
Zero rated sales |
— |
0% |
— |
Sales |
Supported Tax Codes
The following tax codes are not provisioned by the International Tax Reports SuiteApp but supported in NetSuite. You can create the following tax codes for Austria and use it for tax reporting. For more information about creating new tax codes, see Creating Tax Codes - Other Nexuses.
|
Tax Code |
Property |
Available On |
Category |
|---|---|---|---|
|
D-AT |
Customs Duty |
Both (Sales and Purchases) |
S0 (None) |
|
DP-AT |
Paid Customs Duty |
Both (Sales and Purchases) |
S0 (None) |
|
EG-AT |
EC Code |
Both (Sales and Purchases) |
S1 (Fixed Asset) |
|
EK-AT |
EC Code |
Both (Sales and Purchases) |
S2 (Other Goods and Services) |
|
G-AT |
— |
Both (Sales and Purchases) |
S1 (Fixed Asset) |
|
K-AT |
— |
Both (Sales and Purchases) |
S2 (Other Goods and Services) |
Tracking VAT Paid on Imports into Austria
Quite often, the customs office levies VAT on imports at the border crossing (inland or airports), and this levy is paid either by the transporter (paid before the goods are released) or by you directly (on an account basis). These costs are essentially 100% VAT bills. To ensure that these taxes are picked up by NetSuite in the Austrian VAT report, you must have the following tax codes:
|
Tax Code |
Description |
Property |
Rate |
Notional Rate |
Applies To |
|---|---|---|---|---|---|
|
Import VAT-P |
VAT paid to Customs on imports |
Paid Import VAT |
0% |
|
Purchases |
|
Import VAT-U |
VAT not yet paid on imports |
Import VAT |
0% |
|
Purchases |
When entering the transaction, you must record this cost as input tax, where the total amount represents the VAT amount. The full tax amount shown on the vendor bill must be entered in the Net Amount field (bills or journals).
Examples:
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In most cases, at the point of import (at the border, or airport, or customs house), the customs office will value the goods and impose VAT, which your company must pay before the goods are released. Record this input tax using the Import VAT-P (VAT paid) tax code. The net amount for this tax will be picked up in box 61 of the Austrian VAT report.
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In some cases, the freight or transport company will pay the VAT to the customs office on your behalf, and then pass on the charge to you. Record this input tax using the Import VAT-P (VAT paid) tax code. The net amount for this tax will be picked up in box 83 of the Austrian VAT report.
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In other cases, the customs office bills your company and you pay the VAT bill like any other vendor bill. Record this input tax using the Import VAT-U (VAT unpaid) tax code.